Economic Oscillations

24 June 2008

As I previously noted, in an interview published on 6 April, Greenspan said that there were not many signs that the economy were actually in recession, but declared on 8 April that we were in the throes of a recession.

Well, to-day,

Asked if the U.S. economy was in recession, Greenspan said: We are on the brink.
I doubt that I am alone in wishing that Alan would make up his mind.

(I just hope that I don't find Paul Volcker playing with Neopets at David's Coffee Place to-day; that gives me the willies.)

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