dementia and senality by predicting that the market will head into a recession by 2008 but even more interesting and indicitive of senality is how he contradicts himself he says this: âWhen you get this far away from a recession, invariably forces build up for the next recession, and indeed we are beginning to see that sign,â Mr. Greenspan then this Mr. Greenspan said that while it would be âvery precariousâ to try to forecast that far into the future, he could not rule out the possibility of a recession late this year. http://www.theglobeandmail.com/servlet/story/RTGAM.20070226.wgreenspan0226/BNStory/Business/home contradiction. Can't even get his story strait. Also he is simply wrong. The budget deficit it meaningless. it has been that way for 5 years yet the nasdaqt has almost doubled since then.Earnings are going to continue going up, but at a slower pace. The slight slowdown in growth is already priced in.