Greenspan Alert: Greenspan Again Says That Odds of Recession Are 33%

Discussion in 'Trading' started by ByLoSellHi, May 10, 2007.

  1. Greenspan Says Odds Against U.S. Recession 2 to 1

    Published: May 10, 2007

    Filed at 10:11 p.m. ET

    SINGAPORE (Reuters) -
    Former U.S. Federal Reserve Chairman Alan Greenspan said on Friday that the odds against a recession in the United States were now 2 to 1.

    Participants of a Merrill Lynch forum in Singapore cited Greenspan as saying that global economic growth would help mitigate any slowdown in the U.S. economy but China's trade imbalances would be hard to correct as long as it keeps the yuan artificially low.

    ``He said the odds against a recession were now 2 to 1,'' said Spencer White of Thien Viet Securities, who participated in the conference.

    The former central bank chief was speaking to a Singapore audience via a satellite link from Washington.

    Greenspan roiled markets in February after he said it was possible the U.S. economy might fall into recession by the end of the year. He later said he saw a one-third chance of a recession.

    Greenspan's comments stand in sharp contrast with those of Ben Bernanke, the Fed's current chairman, who has downplayed the risk of a recession in the United States.
  2. dhpar


    shouldn't he be dead already?
  3. Sorry, obligatory Greenspan Tai Chi:

  4. dhpar


    :D :D :D :D :D :D :D :D - that's a f*cking fantastic picture....
  5. bvam1


    All of us should set this picture as our desktop pic. Haha!