Greenspan Speaks and it ain't pretty for the middle class and the poor

Even though he is retired as Chairman of the Federal Reserve, when Alan Greenspan speaks, financial managers and economists stop in their tracks. He spoke today in USA Today and here's what he said:

Former Federal Reserve Chairman Alan Greenspan says the odds the U.S. will fall into a recession are "clearly rising" and he believes economic growth is "getting close to stall speed."
Greenspan, who ran the central bank for 18 1/2 years, until early 2006, offered his views on the economy in an interview on National Public Radio' Morning Edition.

A severe slump in the housing market, a stubborn credit crisis and turbulence on Wall Street are endangering the country's economic health. Growth in the current October through December period is expected to have slowed to a feeble pace of just 1.5%, or less.