Alan Greenspan, One Day Later

Yesterday, he said there was a 50 percent chance we were in a recession, today, we are in one.

I have no regrets on any of the Federal Reserve policies that we initiated back then because I think they were very professionally done

– Former Federal Reserve Chairman Alan Greenspan talks about the current state of the economy.

Clearly, certain of our anticipations of what would happen as a consequence of those policies were off but there’s no way of avoiding that

– Former Federal Reserve Chairman Alan Greenspan talks about the current state of the economy.

Consumers are beginning to shrink in, the automobile markets are beginning to contract, production is beginning to ease, and we are in the throes of recession

– Former Federal Reserve Chairman Alan Greenspan talks about the current state of the economy.

Everyone listens to Greenspan. Heck they listen to him more than they listen to the current Fed chairman. Get ready people, the roller coaster is about to drop again.

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Posted on April 8, 2008
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