- Economy is constrained by long term uncertainty
- People are uncertain about the distant future
- Says firms don’t have a clue on future tax rate
The former Fed chair is speaking at a KPMG conference in New York
It always amazes me the way ex-central bankers, and powerful people, in the main fall so far from grace. Where once the markets would have moved on the simplest of comments like this now many people view people like Greenspan as old kooky hasbeens.
And he now adds that China has had a remarkable run but that growth is beginning to run into trouble.
