Executive View by Marshall Loeb: After a Slowdown, the Boom of 1981

Executive View

Very often now, a broad smile creases the lean face of Alan Greenspan, celebrated conservative and inveterate pessimist. He sits at his cluttered horseshoe desk, savoring the glorious view of New York harbor 35 stories below, listening to Baroque music on the stereo as he scribbles intricate calculus formulas that will become models for his computer. "I haven't been so optimistic about the economy's long-term prospects in 20 years," exults Greenspan. To the many clients of his economic consulting firm of Townsend-Greenspan, to the companies on whose boards he sits (Alcoa, Mobil, General Foods, Morgan Guaranty), to the congressional committees...

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