1. The optimism is stemming in US economy by virtue of the statement of Former Federal Reserve chairman Greenspan who says that chances of recession in U.S. has receded but it still remains above 50% and also states that probability of a severe recession has come down markedly.
2. Greenspan estimates that house prices is likely to fall by more than 10 percent from their February levels.
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Optimism in US econonmy
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