Friday, May 11, 2007

Greenspan - 1/3 chance of US recession

Greenspan sees one-third chance of U.S. recession (Reuters)

Former Federal Reserve Chairman Alan Greenspan testifies on Capitol Hill in Washington, March 7, 2006. Greenspan believes that the odds against a recession in the United States were now 2 to 1, he said on Friday according to participants at a closed-door investor forum. (Yuri Gripas/Files/Reuters)Reuters - Former U.S. Federal Reserve Chairman Alan Greenspan said on Friday he still believed there was a one-third chance that the U.S. economy would slip into recession this year, reiterating a statement made in March.


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