Greenspan Sees Slow Growth in 2010, But No Double-Dip
From Bloomberg
Greenspan Sees Growth Slowing as Stocks ‘Flatten Out’
Former Federal Reserve Chairman Alan Greenspan said he sees the U.S. economy slowing next year as the surge in stocks comes to an end.
“The odds are we flatten out,” Greenspan said today in a Bloomberg television interview, referring to the equity market. “That flattening out will put some sort of dull face on 2010.” ...
‘Disinflationary Environment’
“We are still by any measure in a disinflationary environment,” said Greenspan, 83.
Consumer prices have fallen for six straight months from year-earlier levels, the longest stretch of declines since a 12- month drop from September 1954 to August 1955, according figures from the Labor Department...
Greenspan Sees Growth Slowing as Stocks ‘Flatten Out’
Former Federal Reserve Chairman Alan Greenspan said he sees the U.S. economy slowing next year as the surge in stocks comes to an end.
“The odds are we flatten out,” Greenspan said today in a Bloomberg television interview, referring to the equity market. “That flattening out will put some sort of dull face on 2010.” ...
‘Disinflationary Environment’
“We are still by any measure in a disinflationary environment,” said Greenspan, 83.
Consumer prices have fallen for six straight months from year-earlier levels, the longest stretch of declines since a 12- month drop from September 1954 to August 1955, according figures from the Labor Department...