Former Federal Reserve Chairman Alan Greenspan told Bloomberg Television that the "markets will crater if we run into any evidence that we can't solve the problem." Greenspan is referring to the fiscal cliff that will be coming at the beginning of January 2013.
Posted on November 16, 2012
Real Clear Markets
Former Federal Reserve Chairman Alan Greenspan told Bloomberg Television this morning that "markets will crater if we run into any evidence that we can't solve this [fiscal cliff] problem."
Greenspan said, "If we get out of this with a moderate recession, I would say that the price is very cheap."
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