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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: RealMuLan who wrote (69651)	9/28/2007 1:21:54 PM
From: RealMuLan	Read Replies (1) of 116555

Greenspan Says Risk of U.S. Recession Has Increased (Update3) bloomberg.com By Jennifer Ryan and Brian Swint Sept. 28 (Bloomberg) -- Former Federal Reserve Chairman Alan Greenspan said the odds on the first U.S. recession in six years have increased as falling house prices threaten consumer spending. ``The danger of recession has obviously risen,'' said Greenspan, who will meet U.K. Prime Minister Gordon Brown in London this weekend, in an interview on BBC Radio 4 today. Greenspan said the chance of recession was ``less than 50-50,'' repeating a comment made Sept. 23.

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