Thursday, March 01, 2007

Recession or not?!

May be Alan Greenspan should not be allowed to talk to media!

He said on Monday "It is possible that U.S. will be in recession by the end of the year". Most of the world markets crashed. Market pays more attention to his words than that of current Fed chairman Ben Bernanke.

Today, Greenspan says that "It's not probable for U.S. to have recession this year".

Oh, well, he may feel guilty that he screwed up. But, it's too late. Markets are going to go down before coming back up.

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