Greenspan says odds against U.S. recession 2 to 1 | U.S. | Reuters: "SINGAPORE (Reuters) - Former U.S. Federal Reserve Chairman Alan Greenspan said on Friday that the odds against a recession in the United States were now 2 to 1.
Participants of a Merrill Lynch forum in Singapore cited Greenspan as saying that global economic growth would help mitigate any slowdown in the U.S. economy but China's trade imbalances would be hard to correct as long as it keeps the yuan artificially low.
'He said the odds against a recession were now 2 to 1,' said Spencer White of Thien Viet Securities, who participated in the conference.
The former central bank chief was speaking to a Singapore audience via a satellite link from Washington."