Greenspan sees less than 50-50 chance of recession

September 28, 2007

Greenspan sees less than 50-50 chance of recession
LONDON (Reuters) - The probability of the U.S. economy slipping into recession has increased recently but is still less than 50/50, former Federal Reserve Chairman Alan Greeenspan said in comments broadcast on Friday.

Source: feeds.reuters.com

Home sales fall, job market resilient
WASHINGTON (Reuters) - Sales of new homes plunged in August and prices posted their biggest year-on-year drop in nearly 37 years, the U.S. Commerce Department said on Thursday, underlining the depth of problems facing the housing sector.