Greenspan says U.S. "on the edge" of recession »

Posted By TechnologyExpert 1 year, 4 months ago in Business & Finance

Former U.S. Federal Reserve Chairman Alan Greenspan on Thursday said the U.S. economy is "clearly on the edge" of a recession.

Read Full Story at news.yahoo.com »

132 Views Share Story 13 Comments Report

Submitted By:
TechnologyExpert

I am Editor-in-Chief at Alice Hill's RealTechNews (http://www.realtechnews.com). I also have my own blog (Tech-Ex) at http://TechnologyExpert.Blogspot.com. Finally ...

Who Also Submitted:
Other Related Articles:

Why not submit a story?

RSS Join the Discussion

+ Add Comment
Showing 18 of 19 Comments (view all)
  • 0%
    ThinkCash1 year, 4 months ago

    I don't know about a recession...people are still spending cash like crazy.

    (comment_max_expanded_depth : 2) (depth : 1) (comment_max_render_depth : 3)
    Reply

    3 Replies

    loading loading ...
  • 0%
    nostalgia1 year, 4 months ago

    Is the party over in China? Massive unemployment looms

    China watchers are predicting a drop in the GNP growth rate this year and for the foreseeable future. Most are attributing the expected fall off this year from last year's official 11.4 percent, the fifth year in a row of double digit expansion to the expected downturn in the U.S. and the world economy in general.

    http://www.worldtribune.com/worldtribune/WTARC/...

    US Subprime Crisis Costs Global 7.7 trillion Dollars

    The meltdown in the US subprime real-estate market has led to a global loss of 7.7 trillion dollars in stock-market value since October, a report by Bank of America showed Thursday.

    http://www.democraticunderground.com/discuss/du...

    (comment_max_expanded_depth : 2) (depth : 1) (comment_max_render_depth : 3)
    Reply
    loading loading ...
    • 0%
      simonsez1 year, 4 months ago

      Russia will be the true power house in 10 years or so. It covers 11 TIME ZONES, may include 40% of the world's supply of raw materials including oil and gas, and has a population of 145 million (half the population of the USA)

      China and India are already over-populated and will never be able to overcome this.

      (comment_max_expanded_depth : 2) (depth : 1) (comment_max_render_depth : 3)
      Reply

      2 Replies

      loading loading ...
    • 0%
      IAmMine1 year, 4 months ago

      I'll take Greenspan's word over Bernanke's....

      (comment_max_expanded_depth : 2) (depth : 1) (comment_max_render_depth : 3)
      Reply
      loading loading ...
      • 0%
        quackpot1 year, 4 months ago

        Hopefully, the current economic bandages will get us through the disaster of the Bush SPEND SPEND SPEND with welfare for the rich economy.

        (comment_max_expanded_depth : 2) (depth : 1) (comment_max_render_depth : 3)
        Reply

        1 Reply

        loading loading ...
      • 0%
        Obaku1 year, 4 months ago

        After all these years, suddenly Greeenspan speaks in English, and not in Delphic cryptograms?

        What's up with that?

        (comment_max_expanded_depth : 2) (depth : 1) (comment_max_render_depth : 3)
        Reply

        1 Reply

        loading loading ...
      • 0%
        TheRealizer1 year, 4 months ago

        I don't have a PHD (Piled Higher & Deeper) in economics, but I have been out in the real world long enough to know that when outgo exceeds income for several periods it is not working.

        Our economic base is gutted out, we build very little, we import very much. We export lots of our ever more useless dollars, the day of reckoning is close at hand......

        (comment_max_expanded_depth : 2) (depth : 1) (comment_max_render_depth : 3)
        Reply
        loading loading ...
        • 0%
          mesodude1 year, 4 months ago

          Greenspan is "on the brink" of insanity...

          (comment_max_expanded_depth : 2) (depth : 1) (comment_max_render_depth : 3)
          Reply
          loading loading ...
          View All 19 Comments

          Add a Comment

          Sign In With Your Propeller Account

          Forgot your password?

          Please keep your comments relevant to this story.

          To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.

          Submit a Story

          Today's Top Stories!

          Story Tags ?

          Hey! If you Sign In, you can add tags to this story!

          Real Estate Info

          Get the Latest Market Info for Your Area



          Find Foreclosed Homes

          Real Estate Investing

          Homes for Sale



          Also Dropping This Article

          No one has dropped this story.

          Groups Watching This

          No groups are watching this story. Why not share it with your groups?

          Also Submitted By

          No one else has submitted this story.

          Advertisement