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Reply #23: OMG - Greenscum is still flapping his lips and he is definitely delusional
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UpInArms
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Fri Nov-23-07 08:57 AM
Response to Reply #16 |
23. OMG - Greenscum is still flapping his lips and he is definitely delusional |
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http://www.reuters.com/article/bondsNews/idUSOSO00096320071123OSLO, Nov 23 (Reuters) - Former Federal Reserve Chairman Alan Greenspan said on Friday that chances of a U.S. recession would be more than 50 percent if it were not for the remarkable flexibility of the economy.
"The probability of a recession would be higher than 50 percent if it hadn't been for such a remarkable degree of flexibility," Greenspan told a financial audience in the Norwegian capital.
<snip>
"One has to ask what are the inflation consequences of a weakening dollar. It turns out sometimes it is not important, sometimes it is very important," he said.
...a bit more...
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