Wait. It is not over yet

Should we get our economic prognostications wrong this year, let Alan Greenspan be our alibi. The Fed Chairman, like everybody else, seems unsure of what to make of the U.S. economy. In mid-January, Greenspan sent the recently-revitalized Dow back into four-digit territory with just a few downbeat words about "significant risks" left in the economy.

Now he's back to say he regrets the, er, "unfortunate phraseology, which in retrospect I should have done differently." Greenspan assured the U.S. Senate last week he really does think the economy...

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