Alan Greenspan MUST GO: Message Board

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Pastimes : Alan Greenspan MUST GO:

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To: Michael Gaudet who wrote (83)	5/25/2000 6:34:00 PM
From: Master (Hijacked)	of 494

"... Wells Fargo Bank Chief Economist Sung Won Sohn said that despite the decline in sales in April, the housing market remains too strong for the Fed, which he said would prefer to see sales slow to an annual rate closer to 4 million units. ``There is substantial underlying strength in the housing market given the strong job market, high consumer confidence and the still significant wealth effect from the stock market,'' Sohn said." ============== "Wealth-Effect" is that like "E-Coli" ???

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