Greenspan: Hold Your Horses

The man whose mere whispers used to move markets has said that he expects the growth in the U.S. economy to slow next year. Former Federal Reserve Chairman Alan Greenspan told Bloomberg Television, “The odds are that we flatten out, even though earnings are doing very well." The now much criticized financial whiz was referring to the equities market. Greenspan said he expects the economy to grow at 3 to 4 percent over the next year before fizzling, predicting that the unemployment rate of 9.7 percent is unlikely to budge soon.