Alan Greenspan U.S. Recovery Warning
As if things aren’t bad enough, former Federal Reserve Chairman Alan Greenspan has said that a surge in activism in the U.S. Government that includes fiscal stimulus, housing subsidies and new regulations will seriously prevent the economic recovery from happening.
Adding to that analysis Greenspan went into depth about what’s causing the economic recover to be slower than expected and his data looks like it would help support the Republican viewpoint that cutting federal spending will help start up more job growth.
There’s no way of knowing if Greenspan is telling us the truth or what he believes to be the truth but the bottom line is he’s the former Fed chairman and his outlook clashes with present chairman Ben Bernanke. It’s wise to keep an eye out for these specialists and analysts like Greenspan who come along and tell us what’s needed to fix a problem but weren’t around giving sound advice as to prevent these disasters we’re in.
Considering the top financial smarties blame Greenspan for not enforcing the regulations to handle the mortgage market in the 00s as the primary reason the housing market collapsed, having Greenspan add his two cents now is of little use.
Category: US News