Thursday, October 01, 2009

Greenspan On The Economy

Bloomberg has Alan Greenspan offering his thoughts on the economy for the next year.

Its not rosy.

Hey wait a minute, wasn't Greenspan marked as one of the major people blamed for the recession...

Bloomberg: Greenspan Sees Growth Slowing as Stocks ‘Flatten Out’
...he expects the economy to grow at a 3 percent to 4 percent annual pace in the next sixth months before slowing down. As a result, unemployment isn’t likely to decline much from last month’s 9.7 percent rate...

...he doesn’t expect the economy to relapse into recession next year.

2 comments:

Jim Sande said...

I suspected sell was in the advice and smug he is.

Glynn Kalara said...

I'm sure he's got a Swiss bank account and a pile of Cayman accts. filled to the brim for his work helping his Pals in the BIG CORP. game. Bubble? What Bubble? Does someone see a Bubble around here?