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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: CalculatedRisk who wrote (23917)	2/18/2005 7:16:18 PM
From: mishedlo	Read Replies (1) of 116555

Greenspan says we have a bubble that won’t collapse Greenspan And His Bubble forbes.com "I think we're running into certain problems in certain localized areas. We do have characteristics of bubbles in certain areas but not, as best I can judge, nationwide," Greenspan told the House Financial Services Committee. He added: "I don't expect that we will run into anything resembling a collapsing bubble," though it's "conceivable that we will get some reduction in overall prices as we've had in the past, but that is not a particular problem." meanwhile...... The number of homes being constructed in the United States is increasing at nearly twice the rate as the number of households. We have a bubble that won’t collapse?! Yeah right Michael Shedlock

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