Former Federal Reserve Chairman Alan Greenspan said he thinks the U.S. economy will slow as the surge in stocks comes to an end, reports Bloomberg. “The odds are we flatten out,” Greenspan said today in a Bloomberg television interview, referring to the equity market. “That flattening out will put some sort of dull face on 2010.” Greenspan said he expects the economy to grow at a 3 percent to 4 percent annual pace in the next sixth months before slowing down. As a result, unemployment isn’t likely to decline much from last month’s 9.7 percent rate, he said. Even so, he doesn’t expect the economy to relapse into recession next year.
Greenspan Says Stocks Will ‘Flatten Out’
Alan Greenspan, former Federal Reserve chairman, believes the economy will slow dramatically in 2010.
September 30, 2009