 |
| > Sunday 1 August 2010 - 22:04 |
| Greenspan describes the situation as a quasi-recession |
| Former Federal Reserve Chairman Alan Greenspan says he thinks the economy is having a modest recovery, but right now there's a "pause" in that recovery, so it feels like a "quasi-recession."
Greenspan says long-term unemployment is pulling the economy apart even though large banks are doing much better and large companies are in excellent shape.
Greenspan predicts that unemployment will remain where it is, hovering around 9.5 percent, for the rest of the year.
|
|
|
|
|
|
More news :
|
 | PREVIOUS |
NEXT |  |
21:30
Mubarak's spokesman said talks between Israel and Palestinians must have a time frame |
07:01
Explosion in a Gaza home injures 24 |
|
| |
| Latest comments
|
There are no comments yet
|
| Post a comment |
|
Dear reader,
Guysen has chosen to open its articles for your comments and discussion. Unfortunately, some people take advantage of this to transmit offensive or defamatory material. Our ethics and respect for the law forbid us to relay any form of racist propaganda, anti-Semitism, Holocaust denial or revisionist sentiments, or post any defamatory comments that are contrary to law.
The debate should remain free, open, courteous and respectful. We will take all the necessary measures (pre-moderation, registration of IP addresses ...), to help prevent abuse.
Thank you for your understanding,
The Guysen Editorial Team.
|
| |
|
|
|
RSS 
