[obrolan-bandar] Greenspan : 50% US enter recession

[Marina Utama]

  More than 50 percent chance of U.S. recession: Greenspan   
  
                  

  addImpression("460359_Related News");    removeImpression();           By 
Sonya Dowsett




  MADRID (Reuters) - There is more than a 50 percent chance the United States 
could go into recession, former Federal Reserve chairman Alan Greenspan told El 
Pais newspaper in an interview published on Sunday.
  However, the U.S. has not yet entered recessionary state marked by sharp 
falls in orders, strong rises in unemployment and intensive weakening of the 
economy, he said.
  "We would have to see signs of this intensification: there are some, but not 
many yet," he said. "Therefore ... I would not describe the situation we are in 
as a recession, although the chances that we'll have one are more than 50 
percent."
  A sharp downturn in the U.S. housing market has led to a full-blown credit 
crisis that has reverberated throughout the U.S. financial system.
  The economy has become increasingly important in the U.S. presidential 
campaign, topping the list of voters' concerns heading into the November 
election.
  Greenspan, the U.S. Fed chairman from 1987 to 2006, endorsed the Republican 
presidential candidate John McCain in the interview.
  "I'm Republican and I support John McCain, who I know very well and who I 
respect a lot," he said.
  The economies of the United States and the European Union were at a 
crossroads after a long period of economic growth without inflation, he said.
  "This period is going to be much more difficult, from the point of view of 
monetary policy, than the period during which I was chairman of the Federal 
Reserve," he said.
  Turning to Europe, he pinpointed Spain as having a bigger real estate bubble 
than the United States, exposing it to the global credit squeeze.
  "The real estate bubble in Spain has been bigger than most other European 
countries, even bigger than the one in the United States," he said. "In that 
sense, one would have to presume that there is more vulnerability."
  Spain has been the fastest-growing major European economy for more than a 
decade due to a housing boom during which house prices tripled, but the global 
credit crisis coupled with higher interest rates have put a sharp brake on 
growth.
  He gave a broadly positive overview of other European economies.
  (Reporting by Sonya Dowsett; Editing by Paul Bolding)
   
  

  © Reuters 2008 All rights reserved
  addImpression("1390430_Share Links");                                         
      if(allowSLCall== true) { slArtPage.setArticle(uniqueArtKey, articleUrl, 
articleTitle, articleSection, articleCategories); } function 
runAfterBodyLoaded() {     slArtPage.doPageLoadDAAPI(); } if(allowSLCall== 
true) { document.write("addEvent(window, 'load', runAfterBodyLoaded);"); }    
addEvent(window, 'load', runAfterBodyLoaded);  





      addImpression("B020608_1753_REUTERS");    .module.marketing { 
margin-right: 0; padding-right: 0; margin-bottom: 16px; border: 1px solid #EEE; 
background: #FFF 
url("http://static.reuters.com/resources/images/bgMarketingCMS.gif";) center 
bottom no-repeat; -moz-box-sizing: border-box; } .module.marketing { height: 
1%; } html>body .module.marketing { height: auto; } .module.marketing 
.moduleHeaderInline { padding: 3px 2px 0px 6px; background: none; 
border-bottom: none; } .module.marketing .moduleHeaderInline h3 { 
text-transform: none; font-size: 14px; color: #666; } .module.marketing 
.moduleBody { padding: 2px 8px 0px 4px; } .module.marketing h5 { font-size: 
14px; } .module.marketing .headlineMed { font-size: 11px; } .module.marketing 
.inlineThumbnail { border: 1px solid #DDD; }  

          var RTR_InlineArticleLinks = [ {"text": 'Reuters\/C-SPAN\/Zogby 
poll', "link": 'Reuters/C-SPAN/Zogby poll'}, {"text": 'Barack Obama', "link": 
'Barack Obama'}, {"text": 'Hillary Clinton', "link": 'Hillary Clinton'}, 
{"text": 'Rudy Giuliani', "link": 'Rudy Giuliani'}, {"text": 'Mike Huckabee', 
"link": 'Mike Huckabee'}, {"text": 'John Edwards', "link": 'John Edwards'}, 
{"text": 'John McCain', "link": 'John McCain'}, {"text": 'Ron Paul', "link": 
'Ron Paul'}, {"text": 'Mitt Romney', "link": 'Mitt Romney'}, {"text": 'Bill 
Richardson', "link": 'Bill Richardson'}, {"text": 'Fred Thompson', "link": 
'Fred Thompson'}, {"text": 'Dennis Kucinich', "link": 'Dennis Kucinich'}, 
{"text": 'Academy Awards', "link": 'Academy Awards'}, {"text": 'Eliot Spitzer', 
"link": 'Eliot Spitzer'} ];        



       
---------------------------------
You rock. That's why Blockbuster's offering you one month of Blockbuster Total 
Access, No Cost.