The Bold and Daring Predictions of Alan Greenspan

Greenspan Foresees a Rise in Unemployment

My own suspicion is that we’re going to penetrate the 10 percent barrier and stay there for a while before we start down.

Although unemployment is currently at 9.83% and rising, Alan Greenspan suspects that it may actually reach 10.00% or more. I know. Sounds pretty far-fetched. Keep in mind he only suspects it though.

At some point we’re going to start to see an improvement in employment.

Although he can't say exactly when unemployment will peak or at what level it will peak at, he can say that we should see improvements in employment once it does peak. Amazing!

Watch out Miss Cleo. There's a new fortune teller in town.