Thursday, March 01, 2007

There Was Going to be a Recession Before There Wasn't

Old man Greenspan helped spur a huge selloff in the stock market last Monday when he said
"When you get this far away from a recession invariably forces build up for the next recession, and indeed we are beginning to see that sign,"
Here's Greenspan today:
"It is possible we can get a U.S. recession toward the end of this year, but I don't think it's probable,"
Do you think Greenspan received any phone calls between Monday and today?

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