dr. alan greenspan. dr. greenspan, thank you very much for joining us. >> pleasure being here. >> i know that you agree with dr. summers that jobs will continue to -- job growth will continue to accelerate. do you think it will accelerate enough it will make a dent in unemployment, that is, that we see the numbers of 300,000 jobs created a month as opposed to 100,000 which is treading water basically? >> i'm not sure but i don't think it's impossible by any means. there is a momentum building up, which is really just beginning and it's got a way to go. there's certain critical issues here, first, we have to remember that the capital gains on 401(k)s are $600 billion, and as we saw when money was being evaporated in those particular accounts, people pulled back their consumption. they're now moving forward in a more positive direction. secondly, capital investment, which had been extremely depressed, is still depressed for real estate but equipment is coming back in a fairly substantial way. but most importan