[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]

Will Lehman be bailed out?

[quote=A Paulson source]”There are two things that make this different from Bear Stearns. The market’s been aware of the situation for a long time and has had time to prepare. Second, the Primary Dealer Credit Facility was created by the Fed to allow time for an orderly process,”

“Given these things, (Paulson) is adamant that there will not be government money used in the resolution of the situation,” the source added.[/quote]

So Paulson states adamantly no Government bailout for Lehman.

Given his track record I’d say expect a bailout on Sunday.

His foot in the door is not using Government money, because he will use taxpayer money.

I hope I’m wrong.

Investors who thought they were investing in a sound company were screwed, banks jointly leveraged with Lehman, and insurance companies will be hit too.

[cr]

Will Lehman be bailed out?

[quote=A Paulson source]”There are two things that make this different from Bear Stearns. The market’s been aware of the situation for a long time and has had time to prepare. Second, the Primary Dealer Credit Facility was created by the Fed to allow time for an orderly process,”

“Given these things, (Paulson) is adamant that there will not be government money used in the resolution of the situation,” the source added.[/quote]

So Paulson states adamantly no Government bailout for Lehman.

Given his track record I’d say expect a bailout on Sunday.

His foot in the door is not using Government money, because he will use taxpayer money.

I hope I’m wrong.

Investors who thought they were investing in a sound company were screwed, banks jointly leveraged with Lehman, and insurance companies will be hit too.

[cr]

Will Lehman be bailed out?

[quote=A Paulson source]”There are two things that make this different from Bear Stearns. The market’s been aware of the situation for a long time and has had time to prepare. Second, the Primary Dealer Credit Facility was created by the Fed to allow time for an orderly process,”

“Given these things, (Paulson) is adamant that there will not be government money used in the resolution of the situation,” the source added.[/quote]

So Paulson states adamantly no Government bailout for Lehman.

Given his track record I’d say expect a bailout on Sunday.

His foot in the door is not using Government money, because he will use taxpayer money.

I hope I’m wrong.

Investors who thought they were investing in a sound company were screwed, banks jointly leveraged with Lehman, and insurance companies will be hit too.

[cr]

Will Lehman be bailed out?

[quote=A Paulson source]”There are two things that make this different from Bear Stearns. The market’s been aware of the situation for a long time and has had time to prepare. Second, the Primary Dealer Credit Facility was created by the Fed to allow time for an orderly process,”

“Given these things, (Paulson) is adamant that there will not be government money used in the resolution of the situation,” the source added.[/quote]

So Paulson states adamantly no Government bailout for Lehman.

Given his track record I’d say expect a bailout on Sunday.

His foot in the door is not using Government money, because he will use taxpayer money.

I hope I’m wrong.

Investors who thought they were investing in a sound company were screwed, banks jointly leveraged with Lehman, and insurance companies will be hit too.

[cr]

Will Lehman be bailed out?

[quote=A Paulson source]”There are two things that make this different from Bear Stearns. The market’s been aware of the situation for a long time and has had time to prepare. Second, the Primary Dealer Credit Facility was created by the Fed to allow time for an orderly process,”

“Given these things, (Paulson) is adamant that there will not be government money used in the resolution of the situation,” the source added.[/quote]

So Paulson states adamantly no Government bailout for Lehman.

Given his track record I’d say expect a bailout on Sunday.

His foot in the door is not using Government money, because he will use taxpayer money.

I hope I’m wrong.

Investors who thought they were investing in a sound company were screwed, banks jointly leveraged with Lehman, and insurance companies will be hit too.

[cr]

Interesting – almost a complete reversal of what is happening today.

– Prices are falling yet today people want to prop them up
– Homes are selling slower and inventory is at or near all time highs yet today they claim there is pent up demand
– A slow down in sales was blamed on affordability, but today it’s blamed on “tightened credit conditions”
– High prices are seen as bad, because people can afford less of everything else, where today high prices are good because people can spend their equity

Amazing how much things changed in 8 years.

[cr]

Interesting – almost a complete reversal of what is happening today.

– Prices are falling yet today people want to prop them up
– Homes are selling slower and inventory is at or near all time highs yet today they claim there is pent up demand
– A slow down in sales was blamed on affordability, but today it’s blamed on “tightened credit conditions”
– High prices are seen as bad, because people can afford less of everything else, where today high prices are good because people can spend their equity

Amazing how much things changed in 8 years.

[cr]

Interesting – almost a complete reversal of what is happening today.

– Prices are falling yet today people want to prop them up
– Homes are selling slower and inventory is at or near all time highs yet today they claim there is pent up demand
– A slow down in sales was blamed on affordability, but today it’s blamed on “tightened credit conditions”
– High prices are seen as bad, because people can afford less of everything else, where today high prices are good because people can spend their equity

Amazing how much things changed in 8 years.

[cr]

Interesting – almost a complete reversal of what is happening today.

– Prices are falling yet today people want to prop them up
– Homes are selling slower and inventory is at or near all time highs yet today they claim there is pent up demand
– A slow down in sales was blamed on affordability, but today it’s blamed on “tightened credit conditions”
– High prices are seen as bad, because people can afford less of everything else, where today high prices are good because people can spend their equity

Amazing how much things changed in 8 years.

[cr]

Interesting – almost a complete reversal of what is happening today.

– Prices are falling yet today people want to prop them up
– Homes are selling slower and inventory is at or near all time highs yet today they claim there is pent up demand
– A slow down in sales was blamed on affordability, but today it’s blamed on “tightened credit conditions”
– High prices are seen as bad, because people can afford less of everything else, where today high prices are good because people can spend their equity

Amazing how much things changed in 8 years.

[cr]

Airline industry to follow.

[Author]

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