More than 50 percent chance of U.S. recession: Greenspan (also endorses McCain)

Yahoo News ^ | Aug. 6, 2008 | Sonya Dowsett

[FocusNexus]

There is more than a 50 percent chance the United States could go into recession, former Federal Reserve chairman Alan Greenspan told El Pais newspaper in an interview published on Sunday.

However, the U.S. has not yet entered recessionary state marked by sharp falls in orders, strong rises in unemployment and intensive weakening of the economy, he said.

The economy has become increasingly important in the U.S. presidential campaign, topping the list of voters' concerns heading into the November election.

Greenspan, the U.S. Fed chairman from 1987 to 2006, endorsed the Republican presidential candidate John McCain in the interview.

"I'm Republican and I support John McCain, who I know very well and who I respect a lot," he said.

[utherdoul]

“Greenspan endorses McCain”

Another reason why I’ll have to drink heavily after I vote for the man.

[1rudeboy]

Another reason I am drinking heavily now.

[FocusNexus]

“Another reason why I’ll have to drink heavily after I vote for the man.”

Still better than having to drink heavily for 8 years during the Barack Hussein Obama administration.

[Man50D]

"I'm Republican and I support John McCain, who I know very well and who I respect a lot," he said.

That makes sense since the GOP has been moving incrementally towards the socialist left for years.

[WashingtonSource]

Why can’t Greenspan fade away like all previous Fed Chairman? What an egomaniac who thinks he is the center of the universe.

[SeaHawkFan]

Andrea is likely not happy.

[BamaGirl]

LOL!

[MinuteGal]

Why doesn't this geezer shut the frog up with all his doom and gloom stuff. I thought it was only the liberal mediawhores who are trying to talk us into a recession.

These old D.C. political retirerees can't stand to be out of the spotlight for two minutes, can they.

Leni

[TCats]

Thanks Alan. You have an acute sense of the obvious.

And to think many pay big bucks for this guy's prognostications!

[DesScorp]

When its all said and done, two quarters from now I think we’ll see that we never went into a recession, just a slowdown.

[Proud_USA_Republican]

He’s realizing retirement means he has to spend a lot more time around his liberal moonbat wife.

[doc1019]

More than 50 percent chance of U.S. recession: Greenspan

So, does this mean that there is at least a 49% chance that there will not be a recession?

[GalaxieFiveHundred]

Fed fiiiiiiiight!

[Travis McGee]

“Derivatives have permitted financial risks to be unbundled in ways that have facilitated both their measurement and their management…. As a result, not only have individual financial institutions become less vulnerable to shocks from underlying risk factors, but also the financial system as a whole has become more resilient.”~~Alan Greenspan, May 2003

"American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage."~~Alan Greenspan, February 22, 2004

“The use of a growing array of derivatives and the related application of more-sophisticated approaches to measuring and managing risk are key factors underpinning the greater resilience of our largest financial institutions.”~~Alan Greenspan, May 2005

"We're not about to go into a situation where (real estate) prices will go down. There is no evidence home prices are going to collapse."~~Alan Greenspan, May 21, 2006

[SierraWasp]

"told El Pais newspaper"

I don't think this article and thread a legitimate. What "El Pais newspaper?"

What's really ironic is the FR "Stick it to Soros" sign being out when that's exactly what Soros is doing to conservatives with McCain!!!

I think this whole thread is a lame excuse to put something out there that appears to be the least bit positive about McClame!!!

Someone needs to invent a misery index for committed conservative voters who are constantly being brow-beaten by Partisan Hacks!!!

Vote Nader!!! Screw up Democrats!!! (at least have some fun with it)

[EagleUSA]

Still better than having to drink heavily for 8 years during the Barack Hussein Obama administration.
::::::
Yes it is. If Osama Obama became President, the taxes on anything and everything would be so high, we would have to make our own liquor....this RADICAL, ANTI-AMERICAN SOCIALIST nutjob cannot be allowed to get into the Oval Office -— the voters MUST see that.

[Cobra64]

Another reason why I’ll have to drink heavily after I vote for the man.

Me too.