| Topic: |
Politics > Politics-USA |
| User: |
"Harry Hope" |
| Date: |
15 Jan 2008 08:31:41 AM |
| Object: |
Greenspan sees US in or near recession. |
From The Reuters, 1/15/08:
http://economictimes.indiatimes.com/International_Business/Greenspan_sees_US_near_recession/articleshow/2701258.cms
Greenspan sees US in or near recession
NEW YORK:
The US economy is probably in a recession or about to slide into it,
former US Federal Reserve Chairman Alan Greenspan said in an interview
with The Wall Street Journal.
The odds are "not overwhelming but they are marginally in that
direction" Greenspan was quoted as saying in the interview, published
on Tuesday.
"The symptoms are clearly there. Recessions don't happen smoothly.
They are usually signaled by a discontinuity in the market place, and
the data of recent weeks could very well be characterized in that
manner," he said.
____________________________________________________
Harry
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