Summary: In his new book, former Federal Reserve Chair Alan Greenspan is calling for an economic depression. He didn't put it quite that way, of course, but that's what he did when he called for the Fed to raise interest rates through the roof.
Of course, most economists "opt for calm" in predicting a dollar crash. Given their track record in predicting the housing crash, no one should believe their optimistic statements.
|The wreckage of a car bomb is seen after a suicide bomber detonated his explosives-laden car near a busy market in the Shiite area of Jamila, killing three people and wounding 10, eastern Baghdad, Iraq, Monday, Sept. 17, 2007. Police said the blast appeared to target a police patrol along Jamila's main street.|
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|Terry Hicks scans the sky from the doorstep of her Guy Street home. 07SEP23_14.|
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