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.
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