Greenspan fears China market fall
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Chinese shares fall after Alan Greenspan said its stock markets were due for a "dramatic contraction".
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Former Federal Reserve Chairman Alan Greenspan on Wednesday said a rise in the cost of Chinese goods imported into the United States may be a signal a long disinflationary trend may be reversing.
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U.S. stocks fell on Thursday morning  after China's central bank said it was raising interest rates  for the first time in nine years, fueling concerns that global  economic growth may slow.
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Former U.S. Federal Reserve Chairman Alan Greenspan warned Monday that the American economy might slip into recession by year's end.
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Fears about the possibility of a recession in the US economy send Asian shares falling.
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Fears of economic slowdown and falling demand in China cast a pall over commodity markets on Wednesday and pushed down copper and crude oil prices, but analysts said the nervousness was overdone.
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SINGAPORE: Asian oil traders fear China Aviationâs $550 million trading loss will stunt derivatives trade and force a credit clampdown, particularly for Chinese firms feeding their energy-hungry economy.
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S&amp;P 500 misses a record close after the former Fed chairman worries investors with comments about China.
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Â· Markets braced for falls after Wall Street slump  Â· Period of slower growth sparks fears of trade war
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The stark sell-off that sent global stock prices plummeting  brought renewed concern that the equity markets in China and India might be overvalued.
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Alan Greenspan, the chairman of the Federal Reserve, said that America's trade deficit might be poised to stabilize and even fall because of market pressures.
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The weak U.S. dollar and a huge trade deficit eventually may cause dire economic problems for the country, Federal Reserve Chairman Alan Greenspan warned Friday.
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While in Frankfurt, Germany yesterday, US Federal Reserve (Fed) Chairman Alan Greenspan warned that the US foreign trade deficit could negatively effect the country&#39;s economy.
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Investors were concerned that a slowing U.S. economy could spell trouble for Asiaâs export-dependent economies.
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Former Federal Reserve Chairman  Alan Greenspan on Wednesday said a rise in import prices of  Chinese goods to the U.S. may be a signal the disinflationary  process may be reversing.
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The value of the dollar fell sharply yesterday, as did the stock market, after the Chinese government signaled that it might slow its purchases of U.S. assets.
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Risks of a recession have increased, but the Federal Reserve must be cautious in supporting the economy because global forces that have kept inflation in check are receding, former Fed Chairman Alan Greenspan said on Monday.