Asian market were trading lower today after the Fed’s press conference yesterday. This came after two straight days of gains, with the Fed’s comments expressing concern that the recovery is slower than expected.

Alan Greenspan, former Federal Reserve chairman, said a default by Greece is almost certain and possibly help drive the U.S. economy into recession. “The problem you have is that it’s extremely unlikely the political system will work” in a way that solves Greece’s crisis, Greenspan, said in an interview today. “The chances of Greece not defaulting are very small.” Greek government bonds are down again, pushing the yield on the two-year note above 30 percent …