Stocks took a tumble late last week and early this week partly because former Federal Reserve chairman Alan Greenspan told a financial newspaper that there was a "one in three chance of the U.S. economy slipping into a recession" in 2007.
Investors keep a close eye and ear out for any bad news whatsoever, and Greenspan still wields considerable influence over stock market happenings, though he retired from his old job.
Is Mr. Greenspan retired or not? His remarks are clearly undermining the current chair, which could adversely affect the markets.
Those two had better put their heads together.
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