One of the few rules I do follow in business is Never Talk Politics. Especially when it's about Economy. However, there are times when I can't keep my mouth shut. Take Mr Greenspan. Back in 2000, he announced a possible downturn of the US economy. Six months later, the Telecoms industry crashed, bringing down countless firms, startups, and worst, people, all around the Planet. The collateral damages were spectacular yet dramatic...
He did it again earlier this year, warning that the American economy might enter recession by the end of 2007. See what happened with the subprime mortgage crisis this summer, and the actual ongoing global turmoils worldwide.
That's why, the next time this man claims a downturn might occur in your industry, you better look for a new job somewhere else...
