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Sunday, 07 Aug 2011 12:06 PM
Former Federal Reserve Chairman Alan Greenspan says he expects the stock market slide to continue in the wake of a decision by credit rating agency Standard & Poor’s to downgrade the U.S. credit rating, even as an S&P official predicted little market impact.
Appearing Sunday on NBC’s “Meet the Press,” Greenspan said markets will take time to bottom out and that he expects a negative reaction on Monday to the S&P action. He cited a tumble in the Israeli stock market.
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August 7, 2011 | Categories: 2012 Election, Agency Regulation, America's Freedoms, American Exceptionalism, Balanced Budget, Cloward and Piven Strategy, Congress, Constitutional Responsibilities, Corruption, Corruption in Government, Deficit, Economic Security, Economic Terrorism, Election 2012, Elections Politics, Excessive Government Spending, Fiscal Responsibility, Foreign Policy, Government, International Affairs, Liberals Big Spending and Taxes, Manufactured Crisis, Media Corruption, National Debt, National Security, New Media News, Politically Intentioned Crisis, POTUS Elibility Issue, The Economy, Value of the Dollar | Tags: Alan Greenspan, bailouts, deficits, destabilized Euro-system, economy, expecting market slide, foreign affiliate profits, re-emerging crisis | Leave A Comment »
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