Greenspan sees 1/3 probability of U.S. recession: Bloomberg
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Former Federal Reserve chairman Alan  Greenspan was quoted as seeing a "one-third probability" of  recession in the United States this year, according to an  interview with Bloomberg.
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U.S. Federal Reserve Chairman Alan  Greenspan said on Tuesday that he did not foresee big price  distortions developing in home prices and said Americans were  handling their debts well.
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The U.S. economy has escaped a recent soft patch and seems to be picking up steam, Federal Reserve chief Alan Greenspan said on Wednesday in remarks economists saw as cementing a September rate rise.
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WASHINGTON - The US banking system, having weathered a recession and the bankruptcies of several big corporations, is in very good shape, Federal Reserve Chairman Alan Greenspan said Tuesday.
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NEW YORK, September 8 (New Ratings) - The Federal Reserve Chairman, Alan Greenspan, reportedly said today that the US economy has regained its foothold, following a downturn during the summer months due to the soaring oil prices.
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A big overhang of property will bring  U.S. house prices down further, but it is too early to say if  the economy will plunge into recession, former Federal Reserve  chief Alan Greenspan was quoted as saying on Friday.
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Former U.S. Federal Reserve Chairman  Alan Greenspan said on Wednesday he feared a &quot;dramatic  contraction&quot; in Chinese stocks but said the global economy may  be able to shrug off a drop in asset prices.
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THE US banking system is in very good shape after weathering a recession and several big bankruptcies, according to Federal Reserve chairman Alan Greenspan.
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The record level of debt being carried by American households and soaring home prices do not appear to represent serious threats to the US economy, Federal Reserve Chairman Alan Greenspan said Tuesday.
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Former Federal Reserve Chairman Alan  Greenspan on Thursday said the U.S. economy is "clearly on the  edge" of a recession.
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Former Federal Reserve Chairman Alan Greenspan said the current market turmoil is "identical" in many ways to that which occurred in 1987 and 1998, the Wall Street Journal reported in its online edition on Friday.
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WASHINGTON: The US economy is pulling out of its recent soft patch and appears to be picking up steam, Federal Reserve chief Alan Greenspan said yesterday in remarks economists saw as cementing a September rate rise.
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Former Federal Reserve Chairman Alan Greenspan warns in his memoir that if the Fed is to keep the inflation rate between 1 and 2 percent in coming years it could be required to force interest rates much higher, according to a report in the Wall Street Journal.
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Former U.S. Federal Reserve Chairman Alan Greenspan said on Friday that U.S. interest rates are low, but that rates are low all over the world.
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Former Federal Reserve Chairman Alan Greenspan on Thursday said the U.S. economy is "clearly on the edge" of a recession.
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During the 18 1/2 years Alan Greenspan was chairman of the Federal Reserve, he scrupulously avoided forecasting recessions. Now it seems he can't stop using the R word, and that has created headaches for his successor, Ben Bernanke.
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(InfoWorld) - Former Federal Reserve chairman Alan Greenspan is hitting the airwaves promoting his new book, but his comments in recent interviews about the possibility of a recession might be scarier to IT folks than anything in the new tome. Greenspan, who has become a Federal Reserve chairman emeritus of sorts, might be more objective now that he is out of his federal role. He told the Wall Street Journal yesterday that he thought the probability of a recession is "slightly more than a third," up from merely a third, as he put it earlier this year. For IT professionals and CEOs of major software and hardware vendors, the prospect of a recession any time soon is downright daunting, given that memories of the 2001-2002 dot-com bust are still fresh. If housing price declines and the troubles with home mortgage lenders precipitate a longer economic downturn in the next year, the effect could roughly halve the 12-year cycle many economists track for upturns and downturns, some observers noted yesterday. "I'm certainly concerned with the housing downturn," said IT market analyst Jason Sajko, who studies government spending on IT for consulting firm Input. "But I don't see that creating something like what we felt in 2001 and 2002 so soon after then. I don't think we'll see an impact of that magnitude." Sajko and Input do frequent analysis of federal, state, and local spending on IT products and services. A month ago, Input said it was still projecting strong growth in state and local government spending in the United States on IT products and services into 2012, increasing from $43.9 billion in 2007 to $67.2 billion in 2012. That analysis was able to track the impact of the general economy, including the news in the last six months over housing market problems. In a small update to that analysis yesterday, Sajko said that state and local governments are also beginning to use a new catalog of IT vendors and prices called Schedule 70 provided by the U.S. General Services Administration. The GSA provides the catalog as a resource to thousands of state and local IT purchasing managers, Sajko explained. For Schedule 70, growth in IT spending among local and state governments will increase nearly 25 percent a year to 2012, exceeding $1 billion. While $1 billion is a small portion of the total spending in that category, it shows primarily a shift in the way spending will be done, not so much the overall level of spending related to the larger IT economy, Sajko said. Still, state and local spending on IT can be seen as a "more stable" area for IT spending in coming years than others, Sajko said. Several CEOs in recent days have said in interviews with Computerworld that they are carefully watching the direction of the general economy. They said they learned from the dot-com bust to adapt their products to the most successful market segments in order to weather downturns. For example, Maria Ligeti, CEO of startup React Systems in Roseville, Calif., said yesterday she has profited from observing the IT industry's upturns and downturns in Silicon Valley for more than 20 years while working in various roles. A new product and service her company is launching soon in emergency communications will be marketed to several vertical industry segments. She said the offerings have been fostered over several months by early adopters, she said. "We think we'll be somewhat immune" if there's a downturn, she said with confidence.