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

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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.”

1 COMMENT

  1. Downward trend in world  economy  is  likely to be   in mild form during 
    November, 2014 to April, 2015, to grow  somewhat intense during  May, 2015
    to  October, 2015, becomes harsh during November, 2015 to July, 2016.
    Such areas of life as  minerals and metals, foodcrops,  energy resources , defence and security of nations are likely to bear the brunt of these trends. 
    Collective wisdom in decision making, communication systems, aviation industry,  and the cinema , music and TV industries   are also , in addition,  likely to be  touched by   these trends.
     Countries or regions whose names begin with the letters B , E , EU,  N,  O, P, U or V may need to implement multilevel approach to challenges during this period”. The list is just an artist’s view , could  be applicable where appropriate.
     This is the substance or salient feature of my article – ” Stressful times ahead for world economy in 2015 and 2016″- published  online  on  2 June, 2014  at Astrologyweekly.com. It may however be observed here that these predictions of likely trends are indicative and not deterministic suggesting that , in human scheme of things to happen, there is always room for reform, salvaging or improvement through a renewed but sufficient and appropriate strategy. Further, these predictions are in the nature of entertainment.

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