Return of the Alan Greenspan Warnings

by: Eddy Elfenbein

Eddy Elfenbein submits: Poor Alan. He just can't keep still these days. Now he's causing trouble in China. The former Fed head spoke at a conference in Hong Kong. Naturally, no one could understand a word he said. Not that there's an English-Chinese language barrier, but there's a more difficult Greenspan-Coherence barrier.

Shanghai Composite

In any event, his speech didn't go over well. The Chinese stock market got slammed today. The Shanghai Composite Index fell 8.8%. That would be like the Dow losing over 1,000 points.

It's the return of Greenspan Warns!

Stocks Fall As Greenspan Warns

Recession possible in 2007, Greenspan warns

Greenspan warns of likely U.S. recession

Greenspan Warns of Possible Recession

So is it possible or is it likely?

For more Greenspan Warns, see here, here and here.