LOL: Greenspan: US in ‘once-in-a-century’ financial crisis

[jficquette]

If this were China he would be executed.

John

[ibjames]

Still talk of going into a recession? We aren’t in one yet?

I hope I have a job after all is said and done..

[ibjames]

Still talk of going into a recession? We aren’t in one yet?

I hope I have a job after all is said and done..

[ibjames]

Still talk of going into a recession? We aren’t in one yet?

I hope I have a job after all is said and done..

[ibjames]

Still talk of going into a recession? We aren’t in one yet?

I hope I have a job after all is said and done..

[ibjames]

Still talk of going into a recession? We aren’t in one yet?

I hope I have a job after all is said and done..

[cr]

Greenspan was also asked whether the United States had a greater-than 50 percent chance of escaping a recession.

“No, I think it’s less than 50 percent.

We are in a recession, but it’s not officially determined until after the fact. A think-tank will look back and manufacturing, jobs, money supply, etc, and undoubtedly say yes we are/were in a recession on 2008 and probably most of 2009.

Greenspan just realizes the moment he says we are in a recession panic will wreck havoc. Until they publicly call for his head that is.

[cr]

Greenspan was also asked whether the United States had a greater-than 50 percent chance of escaping a recession.

“No, I think it’s less than 50 percent.

We are in a recession, but it’s not officially determined until after the fact. A think-tank will look back and manufacturing, jobs, money supply, etc, and undoubtedly say yes we are/were in a recession on 2008 and probably most of 2009.

Greenspan just realizes the moment he says we are in a recession panic will wreck havoc. Until they publicly call for his head that is.

[cr]

Greenspan was also asked whether the United States had a greater-than 50 percent chance of escaping a recession.

“No, I think it’s less than 50 percent.

We are in a recession, but it’s not officially determined until after the fact. A think-tank will look back and manufacturing, jobs, money supply, etc, and undoubtedly say yes we are/were in a recession on 2008 and probably most of 2009.

Greenspan just realizes the moment he says we are in a recession panic will wreck havoc. Until they publicly call for his head that is.

[cr]

Greenspan was also asked whether the United States had a greater-than 50 percent chance of escaping a recession.

“No, I think it’s less than 50 percent.

We are in a recession, but it’s not officially determined until after the fact. A think-tank will look back and manufacturing, jobs, money supply, etc, and undoubtedly say yes we are/were in a recession on 2008 and probably most of 2009.

Greenspan just realizes the moment he says we are in a recession panic will wreck havoc. Until they publicly call for his head that is.

[cr]

Greenspan was also asked whether the United States had a greater-than 50 percent chance of escaping a recession.

“No, I think it’s less than 50 percent.

We are in a recession, but it’s not officially determined until after the fact. A think-tank will look back and manufacturing, jobs, money supply, etc, and undoubtedly say yes we are/were in a recession on 2008 and probably most of 2009.

Greenspan just realizes the moment he says we are in a recession panic will wreck havoc. Until they publicly call for his head that is.

[poorgradstudent]

I forget the specifics, but as I recall, mainstream recognition of a Recession and mention in the media is typically an indicator that the worst is over, and a bottom has hit. Basically, I think we’re in a recession now, and we haven’t hit bottom yet; once the media and average american catches on, it will be a sign that things are improving.

I agree that aggressively cutting taxes right now would be fiscally reckless unless accompanied by cuts to defense and social security.

[poorgradstudent]

I forget the specifics, but as I recall, mainstream recognition of a Recession and mention in the media is typically an indicator that the worst is over, and a bottom has hit. Basically, I think we’re in a recession now, and we haven’t hit bottom yet; once the media and average american catches on, it will be a sign that things are improving.

I agree that aggressively cutting taxes right now would be fiscally reckless unless accompanied by cuts to defense and social security.

[poorgradstudent]

I forget the specifics, but as I recall, mainstream recognition of a Recession and mention in the media is typically an indicator that the worst is over, and a bottom has hit. Basically, I think we’re in a recession now, and we haven’t hit bottom yet; once the media and average american catches on, it will be a sign that things are improving.

I agree that aggressively cutting taxes right now would be fiscally reckless unless accompanied by cuts to defense and social security.

[poorgradstudent]

I forget the specifics, but as I recall, mainstream recognition of a Recession and mention in the media is typically an indicator that the worst is over, and a bottom has hit. Basically, I think we’re in a recession now, and we haven’t hit bottom yet; once the media and average american catches on, it will be a sign that things are improving.

I agree that aggressively cutting taxes right now would be fiscally reckless unless accompanied by cuts to defense and social security.

[Author]

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