Foreshadowing…?

Some light musings on the usually incomprehensible economic prognostications of the Maestro, the notoriously fickle pronouncements of career politicians, and the direction of gold pricing in the near future.
1.) February 11th, 2003, Washington, D. C. Chairman Alan Greenspan — Federal Reserve Board’s semiannual monetary policy report to the Congress, Before the Committee on Banking, Housing, and Urban Affairs, U. S. Senate and the Committee on Financial Services, U. S. House of Representatives (Feb. 12th, 2003):

‘Indeed, the heightening of geopolitical tensions has only added to the marked uncertainties that have piled up over the past three years, creating formidable barriers to new investment and thus to a resumption of vigorous expansion of overall economic activity.
The intensification of geopolitical risks makes discerning the economic path ahead especially difficult. If these uncertainties diminish considerably in the near term, we should be able to tell far better whether we are dealing with a business sector and an economy poised to grow more rapidly–our more probable expectation–or one that is still laboring under persisting strains and imbalances that have been misidentified as transitory. […] If instead, contrary to our expectations, we find that, despite the removal of the Iraq-related uncertainties, constraints to expansion remain, various initiatives for conventional monetary and fiscal stimulus will doubtless move higher on the policy agenda.’

This post was published at TF Metals Report on November 13, 2014.