But Greenspan warns scandals are destructive to capitalism.
The world financial markets on the piece of hook, Alan Greenspan, the chairman of the Federal Reserve Board, a cautious optimistic view Tuesday for the U.S. economy, saying, “The foundations are in place for a period of a return to healthy growth.”
Although investors may hope for an optimistic message specifically comments Greenspan again a degree of calm to Wall Street and European stock exchanges. Stock prices fell again Tuesday, but unlike Monday, when the dollar has fallen to less than 1 € and stocks collapsed there is a recovery at the end of Wall Street, there was no concern .
Greenspan said, “substantial uncertainties - about the progress of the adjustment of equipment investment and the resumption of profitability, the potential for further revelations of corporate crime, and possible risks from global political events and terrorism - still confront us. ”
He added: “The impact of the recent difficulties to relax a little longer, but they help you, and no other significant negative shocks, the U.S. economy is a sign to a new model for sustainable growth. ”
The Fed chairman, exceptionally broad testimony before the Senate Banking Committee, has affected some of these risks, including the scandals of corporate governance and accounting, investor cooled the ardour of the USA assets and led a slide in the dollar strong.
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