I Greenspan jockeying for a job on Vegas?
Before the summer began he made waves with the first understandable statement of his career. "The US has a greater than 30% chance of a recession this year". Whoa, it is actually a coherent blathering from the former chief. Since that prediction seems to be wrong, Greeenie decided to follow it up yesterday.
"The danger of recession has obviously risen but in my judgment ... is still less than 50/50. It's less optimistic than one would like," Greenspan told BBC Radio 4. So, I guess that means we are about 30% to 45% chance? If only he were this clear when he was in office.
Oh yea the reason for the interview? He was peddling his new book overseas. Funny how the almighty quest for a fast buck clears ones thought process.