Alan Greenspan's Comments -- Irresponsible

United States
March 1, 2007 10:16am CST
Apparently, a few days ago, Alan Greenspan, the former US Federal Reserve Chairman, made a comment that the US economy MAY be facing a recession. Some say he should not have said this since it caused panic and was part of the reason the NYSE fell 419 points in one day. What do you think? A private person who can say what he wants or as former Fed Chair his word is still considered important and so should watch it?
1 response
optionsguru88
@optionsguru88 (310)
• Singapore
1 Mar 07
Seems like Alan Greenspan still can make heads turn whenever he gave his economic views, although he has already stepped down as Fed Chief. I guessed his speech coincide with China sharp market correction on Tuesday, coupled by computer glitches, which caused the 400 points stock market crash on Tuesday. Well at least Mr Bernanke calmed everyone when he commented on Wednesday that he still expected moderate economic growth. The DOW rebounded nicely 52 points on Wednesday. Yours Truly, Tony Chai http://options4u.blogspot.com