Greenspan: US economy has 'less than 50-50' odds of recession (AFP via Yahoo! News)
Former Federal Reserve chairman Alan Greenspan said Sunday the US economy has a better than evens chance of beating a recession but warned that a housing slowdown could hit spending hard.
More...NAB downgrades outlook for US economy (AAP via Yahoo!7 News)
National Australia Bank predicts the US Federal Reserve will continue to cut interest rates as it tries to prevent the US economy from sliding into recession.
More...Greenspan: US economy has 'less than 50-50' odds of recession (TODAYonline)
Former Federal Reserve chairman Alan Greenspan, pictured in 2005, said Sunday the US economy has a better than evens chance of beating a recession but warned that a housing slowdown could hit spending hard.
More...Record euro not blamed for slowdown (FT.com via Yahoo! News)
The slowdown begins. An unexpectedly steep fall in the German Ifo business-climate index on Tuesday - to its lowest level since February 2006 - shows that the best part of the upswing in Europe's biggest economy is over, with consequences all over the 13-nation eurozone.
More...NAB downgrades outlook for US economy (Tenterfield Star)
National Australia Bank (NAB) predicts the US Federal Reserve will continue to cut interest rates aggressively over the next few months as it attempts to prevent the world's largest economy from sliding into recession.
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