Yielding Wealth | Personal Finance

May 5th, 2008

Alan Greenspan Uses the “R” Word

After months of dissembling, Alan Greenspan has whipped out the “R” word. That’s right. Now he thinks we’re in a recession. But he has qualified it. It’s a “pale recession.” Whatever that means. A shallow recession? A not-that-bad recession? A the-economy-is-doing-better-than-we-thought recession?
Greenspan insists, as well, that stagnation is what he expects for the remainder of […]

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