Greenspan disputes US recession signs

Greenspan disputes US recession signs

news.yahoo.com

The US economy may not be growing at all, but it is not yet clear that it is falling into recession, former Federal Reserve chairman Alan Greenspan has told the Financial Times.
Mr Greenspan said: "The reason we have had this extraordinary volatility in stock markets over recent days is that there is extreme uncertainty about the financial and economic outlook."
But the former Fed chief said: "We seem to be getting some evidence of potential stabilisation in new home sales" - largely because the share of sales financed by subprime loans had already fallen to almost zero.

Also on the positive side, Mr Greenspan said: "The initial [unemployment] claims data are not signalling recession."

(visit the link for the full news article)

WHAT?
What is this guy smoking?
How did he get and keep his job for so long?

news.yahoo.com
(visit the link for the full news article)

reply to post by SEEWHATUDO


They bring the master minder of the mess we have in the markets today in an effort to bring physiological influence to the economic mess in this nation.

He is just a figure head and a talking head.

i could care less what he says. i'm living it!!
america has changed for the worse..........i won't even
list my current difficulties, but i will say they are related
to off-shoring and undocumented immigration, and i hate nobody!

He is just trying to give market confdence, thats all this is.

research.stlouisfed.org...


Here is the unemployment data for the US. Unemployment hasnt been at its current rate since about 1994.

Its is well know that Greenspan talks alot of crap

More alternate-reality, bubble-world BS spewed from a special interest serving governmental moron. He is on a par with Pinnochio Bush.

reply to post by spoonbeater


Thanks for the facts, I wonder sometimes about this talking heads our government uses to push agendas.

How stupid this people think the Amercan public is.

Incredible.

Ford trims loss, says new job cuts ahead
Ford's quarterly loss much narrower than a year earlier; announces new round of hourly worker buyouts.


money.cnn.com...

When the figures for this month comes out on the amount of jobs lost due to the credit woes I wonder where Mr. Green is going to be.