Economic Girlymen

Remember the hubbub last year over the coming recession because of the cooling housing market? About that...

Greenspan also said he has seen no economic spillover effects from the slowdown in the U.S. housing market. "We are now well into the contraction period and so far we have not had any major, significant spillover effects on the American economy from the contraction in housing," he said.

That's from the AP, via Drudge, a footnote at the bottom of an article in which Greenspan says another recession is coming soon - for no particular reason.

At least Greenspan doesn't appear to have predicted a crash from the housing contraction, based on one article from last year.