Elmer's Excellent Economy

Forget about the worries on your mind
You can leave them all behind
--DeBarge

Former Fed chair Alan Greenspan tells Maria Bartiromo that he doesn't envision recession in the next couple of years. Not sure that should be comforting to the economy bulls. Elmer's track record on foreseeing recessions has not exactly been stellar--beginning with his poetic waxings just before the dot.com collapse.

Former Federal Reserve Chair Alan Greenspan to @MariaBartiromo when asked if he can envision a recession in the next couple of years: "I don't think so. At least as far as the data as far as we can see tell us." pic.twitter.com/zMOJTiXW7F

— FOX Business (@FoxBusiness) June 29, 2018

Central bankers generally create economic havoc far better than they can forecast it.