Sitting before Congress this morning, Federal Reserve Chairman Alan Greenspan reported the strongest free market to be near top form:
[O]ur baseline outlook for the U.S. economy is one of sustained economic growth and contained inflation pressures....despite the challenges that I have highlighted and the many I have not, the U.S. economy has remained on a firm footing, and inflation continues to be well contained. Moreover, the prospects are favorable for a continuation of those trends.
He also delivered a level analysis of inevitable swings in American homemaking, reasoning with which some purported newsmakers should acquaint themselves.