The "R" Word

Greenspan came out again today and said that a recession is a possibility. He actually said that there is a 1/3 chance of a recession in 2007.

This whole situation is slightly humorous to me, and let me tell you why. Stepping away from the economic side of things. As Fed Chairman, you pretty much are unable to tell the truth about the economy when things aren't going so well. Americans are emotional investors and words of that nature would rock the market and send it into a spiral.

So I think that Greenspan, now 81 years of age, finally isn't responsible and can tell the truth about the economy. He doesn't have to clean up the economic mess when it comes, so he doesn't have to try and spin the situation. After 18 years of deception, the guy finally wants to speak his mind...truthfully.