Former Federal Reserve Chairman Alan Greenspan warned today that “the U.S. economy was ‘on the brink‘ of a recession, with the chances of that happening at more than 50 percent.” Greenspan added that a quick recovery of the sour economy is unlikely. “A rebound at this stage is not something I think is in the immediate outlook,” he said. “There are still very considerable structural problems remaining in the financial system. They will remain for a while. It’s going to be very difficult.”
From The Blogs
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03-18
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Since January 2008, post election violence in Kenya has caused tourism to collapse for Kenyas Mara Trianglethe gateway to the Masai Mara for animals and for poachersthus ending the only revenue for th...
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03-18
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Daily Kos: Bubbles Greenspan: wrong, wrong, wrongbut unrepentant .as the Bear meltdown is about to hit Wall Street this morning, Alan Bubbles Greespan has one of the most disgusting articles I have re...
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03-25
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It's not Ben Bernanke's fault, according to CNBC's Maria Bartiromo. Bartiromo appeared on NBC's March 23 "Meet the Press" with CNBC's "Street Signs" host Erin Burnett as the progra...
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03-26
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At the Politico, Ben Smith dredges up this quote from Hillary about why she wants to appoint Greenspan to a commission to deal with the housing crisis:'Not only that, but the Fed didn't act while he w...
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03-27
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If there was ever an obvious conflict of interest in economic reporting, this may very well qualify.NBC chief foreign affairs correspondent Andrea Mitchell evaluated the housing crisis solution propos...
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04-09
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Felix Salmon submits: Have you had enough Alan Greenspan yet? Just in case his interview with Greg Ip today isn't enough for you, I should also point out his 1,638-word "response to my critics" over a...
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04-09
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Herb Greenberg (MarketWatch) submits: Interesting piece interview with Alan Greenspan in today’s Wall Street Journal by Greg Ip. Two things (yes — only two!) struck me as particularly interesting. The...
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04-10
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Mark Wenzel submits:With apologies to Shakespeare, "Mr. Greenspan doth protest too much, methinks." Former Federal Reserve Chairman Alan Greenspan has every right to attempt to continue to attempt to ...
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04-10
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Alan Greenspan is saying that by the end of the year home prices will be well on their way to recovery. However, it doesnt mean that things are going to stabilize immediately. Bloomberg reports on hom...
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04-11
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FT: Alan Greenspan: A response to my critics On March 17, Alan Greenspan wrote an article for the FT entitled “We will never have a perfect model of risk“, in which he argued: “We will never be able t...
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