Tuesday, Feb 27, 2007
Greenspan admits possibility of recession
FT.com: Shares slide on fears of global slowdown
Adding to the downbeat sentiment, former Federal Reserve chairman Alan Greenspan said on Monday that it was “possible” the US economy may fall into recession later this year.
Lots of bearish indicators in here which could contribute to an economic picture for HPC, including a 9% drop in China's stock market index and the FTSE dropping by over 100 points (1.7%) today. Also, concern over Iran, oil and the "carry trade" which could see global credit squeezed if it unwinds.
Posted by dohousescrashinthewoods @ 01:02 PM (151 views) Add Comment
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