Greenspan sees one-third chance of U.S. recession

[lovuian]

http://www.reuters.com/article/businessNews/idUSSIN32357620070511?feedType=RSS

INGAPORE (Reuters) - Former U.S. Federal Reserve Chairman Alan Greenspan said on Friday he still believed there was a one-third chance that the U.S. economy would slip into recession this year, reiterating a statement made in March.

Greenspan shook markets in February when he said it was possible the U.S. economy might fall into recession by the end of the year. He later said he saw a one-third chance of a recession.

"My arithmetic says if there's a one-third probability of a recession, then there's a two-thirds probability there won't be a recession," Greenspan told a closed-door Merrill Lynch investor forum, according to an official at the U.S. investment bank.
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I thought he retired

[Lasher]

1. How prophetic.

How can you go wrong with a non-prediction like that? Not what I would call a courageous position.

[Captain Angry]

2. I wish I had the money for the market shorting funds.

It's going to be ugly in a few hours.

[hfojvt]

3. there is no such thing as retirement

when you are a professional a$$hat


there is a one in 15 qunitillion chance that I will have a nanogram of respect for the Wizard of Greenspan ten years from now. I have none now, but events might, somehow, prove me wrong.