Greenspan says whether there is a recession or not could depend on the stock market
Former Federal Reserve Chairman Alan Greenspan said the stock market will determine whether the U.S. is headed for a recession.
“Strangely enough, it’s going to depend in large part on the stock market,” Greenspan said on CNBC’s Squawk on the Street on Wednesday. “We underestimate the wealth effect on the economy and this type of volatile stock market moves, it has an impact which I don’t think we…
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