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Greenspan Sees No Recession as Post-Crisis Deleveraging Endures

  • Ex-Fed chief watches ratio of capital appropriation, cash flow
  • ‘We’re still in a period of deleveraging,’ Greenspan says
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The Calm Before the Storm: U.S. Stocks Set for Turbulent Times

Alan Greenspan says it’s too soon to start betting on a U.S. recession, according to one of his preferred gauges of American business spending.

While market-based signals and economist projections have shown rising odds that the expansion may stumble, the former Federal Reserve chief says history shows the economy isn’t sinking into a contraction.