Collapse, I think, is now off the table,” said Alan Greenspan over the weekend, pedal to the metal. “I’m pretty sure we’ve already seen the bottom… it’s clear that we’ve turned, perhaps in the middle of last month, the middle of July.”
“I do think it is possible that we could get a second wave down,” he cautioned, literally seconds later. “But the important issue is if we don't -- and I think the probability is that we won't -- that we are close to stabilization.”
So the worst is over, unless it gets bad again.
From Agora Financial 5 min
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