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 Post subject: GREENSPAN SAYS US ECONOMY ON BRINK OF RECESSION
PostPosted: Tue Jun 24, 2008 4:32 pm 
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Greenspan says U.S. economy on brink of recession

Former U.S. Federal Reserve Chairman Alan Greenspan warned on Tuesday the U.S. economy was “on the brink” of a recession.

He said via video link to an investment conference in Johannesburg the chances of that economy falling into recession were more than 50 percent and a rebound was unlikely.

Asked if the U.S. economy was in recession, Greenspan said: “We are on the brink”. “A rebound at this stage is not something I think is in the immediate outlook,” he added.

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Last edited by Catherine on Tue Jun 24, 2008 8:04 pm, edited 1 time in total.

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PostPosted: Tue Jun 24, 2008 5:25 pm 
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Well he should know. Greenspan got us into this sub prime credit mess by willfully not enforcing existing laws at the time. In short it was a deliberate act of sabotage.

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