Tuesday, 26 February 2008

Greenspan: Next U.S. recession Worse than 1991 & 2001

"Former Federal Reserve Chairman Alan Greenspan said a possible recession in the U.S. this year may be deeper than the last two contractions."

"The existing financial problems are deeper than we've had for a while, so I wouldn't be surprised if this recession is deeper than the last two shallow recessions,''

1 comment:

Eric said...

Too bad Greenspan was asleep at the wheel during his tenure, and hence, one of the key individuals at fault for the current state (or direction) of the US economy.

It is rather sad to hear him making comments like this now.