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On November 6, 2003 the chairman of the board of governors for the Federal Reserve and the federal open market committee, Alan Greenspan, spoke to the securities industry association about the future of the U.S. economy. He started off with the positive recent economic activity for the past two years: a vibrant housing market; risk spreads and the price of oil fell sharply; stock prices rose; tax cuts; real GDP increased; possibility of the labor market stabilizing; rise in productivity. However, he said the booming short-term U.S. economy conflicts with the longer-term consequences. One concern with the future is the fast-approaching retiremen