Thursday, May 24, 2007

Greenspan sees dramatic drop in Chinese stocks

Greenspan sees dramatic drop in Chinese stocks (Reuters)

Former Chairman of the Federal Reserve Alan Greenspan (L) and U.S. Treasury Secretary Henry Paulson attend the Conference on U.S. Capital Market Competitiveness in Washington March 13, 2007. Greenspan said on Wednesday he feared a 'dramatic contraction' in Chinese stocks but said the global economy may be able to shrug off a drop in asset prices. (Jim Young/Reuters)Reuters - Former U.S. Federal Reserve Chairman Alan Greenspan said on Wednesday he feared a "dramatic contraction" in Chinese stocks but said the global economy may be able to shrug off a drop in asset prices.


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