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The Definition of Recession in 2008

May 27th, 2008 | By Contrarian Profits | Category: Financial News, Politics & Economics

Former Federal Reserve Chairman Alan Greenspan told the Financial Times today that, “I still believe there is a greater than 50 per cent probability of recession.” But, “that probability has receded a little and I think the probability of a severe recession has come down markedly”.

Tags: Alan Greenspan, Apparatchiks, Average Person, Bill Bonner, Chairman Alan Greenspan, Definition Of Recession, Federal Reserve Chairman, Federal Reserve Chairman Alan Greenspan, Financial Times, Former Federal Reserve Chairman Alan Greenspan, Inflation Numbers, Jobless Americans, Labor Department, Lived Reality, Months Of The Year, Mortgage Brokers, Old Timer, Samuelson, Unemployment Rate, Waiting Tables
Posted in Financial News, Politics & Economics | CommentsThe+Definition+of+Recession+in+20082008-05-27+15%3A06%3A26Contrarian+Profits

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