Fortunes are made and lost on the basis of his words. People speculate for weeks, wondering where he will be moving things. Mr. Greenspan has the authority to set and direct American monetary policy. When he speaks, people obey. Direction is set.
Financial markets respond.
Nobody really cares what I think about interest rates. Nobody is going to change their investment strategy based on my words. Unlike Allan Greenspan, I have no financial authority. I m not in the position to call any shots. My words on interest rates are just that words.