Is Alan Greenspan Running for Something?

With former Federal Reserve chairman Alan Greenspan's new book about to be released on Tuesday, some of the media outlets--most notably CNN and 60 Minutes--obtained copies early and were quoting passages from the new book almost incessantly. The only thing that got him out of the headlines were the antics and arrest of OJ Simpson in Las Vegas.

Some of the most-quotes passages (quoted, I might add, with the same kind of reverence shown to the Bible during Sunday services) included Greenspan's opinion that the Iraq War was largely over oil, about how the Republicans had sacrificed principles for power, and that the Republicans deserved to lose as badly as they did in the last election.

This sounds like Greenspan is running for something at the same time that he's promoting his book. I don't think this is the end of this story.

Is Alan Greenspan Retired, or Isn't He?

Stocks took a tumble late last week and early this week partly because former Federal Reserve chairman Alan Greenspan told a financial newspaper that there was a "one in three chance of the U.S. economy slipping into a recession" in 2007.

Investors keep a close eye and ear out for any bad news whatsoever, and Greenspan still wields considerable influence over stock market happenings, though he retired from his old job.

Is Mr. Greenspan retired or not? His remarks are clearly undermining the current chair, which could adversely affect the markets.

Those two had better put their heads together.