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

Posted by: TechnologyExpert 1 year, 10 months ago

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

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TechnologyExpert

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Comments: 19

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ThinkCash
Feb. 15, 2008, 8:34 a.m.
I don't know about a recession...people are still spending cash like crazy.
palamaComment has been removed: Retracted by user
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nostalgia
Feb. 15, 2008, 12:56 p.m.
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...
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simonsez
Feb. 15, 2008, 1:07 p.m.
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.
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IAmMine
Feb. 15, 2008, 1:41 p.m.
I'll take Greenspan's word over Bernanke's....
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quackpot
Feb. 15, 2008, 1:51 p.m.
Hopefully, the current economic bandages will get us through the disaster of the Bush SPEND SPEND SPEND with welfare for the rich economy.
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Obaku
Feb. 15, 2008, 2:34 p.m.
After all these years, suddenly Greeenspan speaks in English, and not in Delphic cryptograms?
What's up with that?
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TheRealizer
Feb. 15, 2008, 11:29 p.m.
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......
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mesodude
Feb. 16, 2008, 12:14 a.m.
Greenspan is "on the brink" of insanity...