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Posted: 26/Feb/2007 at 6:59pm
Greenspan, speaking in Tokyo, said the US economy could slip into a recession by the end of this year. The comment was in response to a question whether the us economy could mjove into recession so it was more of an answer than a forecast.
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Posted: 26/Feb/2007 at 7:13am
Would he have said the same thing had he been the Fed Reserve chairman. He is behaving like our Matt boy (who was pulled up by SEBI). Sochte kuch bolte kuch!
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Posted: 02/Mar/2007 at 7:55pm
generally all central bankers would like to stay ahead of the curve.with alan greenspan saying that there is apossibilty that usa may head for a recession i suppose bernake has is work cut out as what to do.on the other hand if he does cut rates it means pumping more cash into a system that is alreadyawash with cash it could also signal the demise of the us dollar,so would be really interesting to see what bernie finally does
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Posted: 02/Mar/2007 at 8:06pm
US fed is betweem devil and deep sea. They want to reduce rate for growth and stabilazation of housing. On other hand they need to finance huuuge deficit at time when savings rate is low. Reducing rate would lower dollar and that is inflationary.
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