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Even Greenspan says it's bad

The Economy

When Alan Greenspan says it's bad, run for the hills. For months, the former Fed chairman has been issuing his predictions -- first it was a less-than-50 percent chance of recession, then it was about 50-50, and now it could be the worst financial crisis since the end of World War II. In an editorial in the Financial Times, Greenspan says the crisis will end only when home prices stabilize. When that happens, he says, financial institutions will either need to recapitalize or go out of business.



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The economy: Not at your service (1)
Laura Beth wrote: SO WHAT. To me, it is GREAT that the economy is NOT growing.... [read]
Hard to see a slowdown from a yacht... (1)
Chuck wrote: Until our elected "leaders" stop taking bribes from the weal... [read]
It's OK to mix your beer (1)
dallas latham wrote: diabolical!!!!! ... [read]
Greenspan's recession more and more likely (2)
Alan Reynolds wrote: Saying there is a 50-50 chance of something happening is wim... [read]
SAG wins best supporting union in WGA strike (1)
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