61.   Greenspan reiterated his earlier explanation that the economy expanded without serious inflation thanks to strong productivity gains.

62.   Greenspan said that range was as fast as the economy can expand without igniting inflation.

63.   He contends recent statistics have consistently underrated the pace at which the American economy is expanding.

64.   Higher borrowing costs, the result of faster economic growth and concern about inflation, can be a mixed blessing if the economy is expanding and sales are increasing.

65.   Historically, the stock market has performed well when the economy is expanding.

66.   However, the Canadian economy is expanding, as evidenced by a big jump in exports and a drop in imports in March.

67.   If a growing economy expands the pool of income subject to taxation, government benefits, too.

68.   If the economy is expanding too quickly, stocks could fall on speculation U.S. interest rates could rise.

69.   If the stock market were less rewarding, it would generate less household wealth, spending would slow and the economy would expand at a less inflationary pace.

70.   If the economy is expanding too quickly, stocks on both sides of the Pacific may resume their tumble amid concern U.S. interest rates could rise.