recession

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Greenspan Sees Recession
Greenspan Sees Recession

Greenspan Sees Recession

Former fed chairman forecasts end of cycle as early as this year

(Newser) - Back when bankers and investors hung on his every word, Alan Greenspan was caution itself in public pronouncements . But yesterday the former chairman  took the rare step of predicting the onset of an out-and-out recession. Speaking via satellite to a business conference in Hong Kong, Greenspan said the US. economy...

Bernanke Buoys Dow
Bernanke Buoys Dow

Bernanke Buoys Dow

Global markets continue to fall

(Newser) - U.S. stock prices rebounded yesterday, buoyed by Fed Chairman Ben Bernanke's forecast of moderate growth. But averages from Singapore to London continued to slide and there was widespread debate over whether the plunge was the market correcting for inflated highs or if it was the first sign of a...

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