Word: townsend-greenspan
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...Eckstein, chairman of Massachusetts-based Data Resources: "The economy is in a classic expansion phase. With employment up by such a magnitude and store sales rising, as high as they did, incomes and retail sales will continue to rise in the months ahead." Concurred Alan Greenspan, chairman of the Townsend-Greenspan economic consulting firm: "This news is telling us that the recovery is still solid and still has a long...
...rates up and slow the economy in 1985. Last week Rudolph Penner, director of the Congressional Budget Office, predicted in testimony to the Senate Finance Committee that the deficit would rise to about $250 billion in fiscal 1988 and $280 billion in 1989. Board Member Alan Greenspan, chairman of Townsend-Greenspan, a New York economic consulting firm, and an unofficial adviser to President Reagan, argued that such deficits could do serious damage to the economy. Said he: "I don't think there is any question about the corrosive effect of the deficits...
...pare back production and lay off workers, and this in turn drives up unemployment, which currently stands at 8.4% of the labor force. As jobless lines lengthen, consumer spending shrinks, and this in turn causes inventories of unsold goods to grow even more. Said Alan Greenspan of the Townsend-Greenspan economic consulting firm: "Involuntary inventory accumulation by business will be an absolutely critical piece of evidence in gauging the severity of the recession in 1982. The more rapidly that inventories grow now, the steeper will be the plunge, but the sooner the slide will be over...
...country's leading business and academic economists, who perform a vital service by tipping us off to what the economic community is thinking about and pointing out future trends." (Current members: Otto Eckstein of Harvard University, Martin Feldstein of the National Bureau of Economic Research, Alan Greenspan of Townsend-Greenspan & Co., Walter Heller of the University of Minnesota, James McKie of the University of Texas and Joseph Pechman and Charles Schultze of the Brookings Institution.) Two of the board's distinguished alumni are currently high officials in the Reagan Administration: Murray Weidenbaum, chairman of the Council of Economic...
...spending. Though spending is projected to rise 3.3% in real terms during fiscal 1981, none of the increases reflects the military buildup that Carter has committed the U.S. to as a result of the Soviet invasion of Afghanistan. Complained Economist Alan Greenspan of the New York consulting firm of Townsend-Greenspan: "To pretend that this budget is up to date when everyone knows that it is not is a bit of public relations that one could do without...