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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Amy J who wrote (25316)11/19/2004 5:31:04 PM
From: Elroy JetsonRead Replies (1) of 306849
 
This comment is especially rich coming from a central banker who sees his role as "merely providing as much credit as the market demands" --

-- as if providing infinite credit out of thin air is a normal function in "market economy".

Greenspan warned the U.S. must deal with the causes of the weak dollar -- the U.S. trade deficit and the federal budget deficit -- or the country could run into economic problems down the line.

Simply eliminate the possibility of infinite credit, and problems like the federal budget deficit, trade deficit, and real estate bubble, become immediate problems which are self-correcting.

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