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Greenspan Says Recovery Still Months Away

Speaking at an economic forum in Mexico City, Mexico, Former Fed Chairman Alan Greenspan said that while he has seen a pronounced turnaround in March, the market turmoil may get worse before a recovery sets in.

Greenspan said that he still sees downward pressures from housing, adding that "prices may only clarify themselves by the end of 2008."

Greenspan said that any regulation of the markets would be...