Connect with us

Hi, what are you looking for?

Jewish Business News

Money

Alan Greenspan’s Economic Forecast for 2015: It’s a Coin Toss

Former Federal Reserve chairman Alan Gre

Former Federal Reserve chief, Alan Greenspan discussed with Bloomberg how he thinks the Federal Reserve and the U.S. economy will shape up in 2015. He is not optimistic that OPEC will alter its policy and cut production to regulate prices. Where oil prices will go after having been cut in half in 2014 is a “coin toss” said Greenspan. While there has been a cut back in drilling and in oil investment, it is unlikely oil will move dramatically upward. He doesn’t think, however, that oil prices will affect the Federal Reserve’s decision to raise interest rates.

Stocks may get hit from the rise in interest rates, but it change probably isn’t going to be as severe as many feared it would be. However, a correction is likely. Greenspan noted a rise in commercial and industrial loans and that more money is going out in to the marketplace. Concerning the general financial picture, Greenspan said U.S. demand is weak, and demand in Europe is worse; “The U.S. is doing better than anyone else, but we are not doing all that well.”

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

Copyright © 2021 Jewish Business News