Thursday, May 10, 2007
Chances are Thinning
Back in early March Alan Greenspan made some comments that shook up the markets (though when has he spoken where the markets didn't react?). He had predicted a one-in-three chance of a recession this year (2007). Today, however, he re-stated those odds up to 2-in-1. So that means, two months ago the odds of our Economy going into a recession were on par with choosing the right door on "Let's Make a Deal." Now (merely two months later) at a forum in Singapore, Mr. Greenspan has stated that the odds are now slimmer. By year-end, the odds are 2 to 1. Our recession chances are now equal to flipping a coin and getting heads.
p.s. hope you like my Let's Make a Deal Photoshop job.