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Strategies & Market Trends : Free Float Trading/ Portfolio Development/ Index Stategies

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From: dvdw©	9/17/2007 5:51:12 PM
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Greenspan just had an interview hawking his upcoming book; here is an excerpt I thought was material. link to whole interview follows; money.cnn.com What should the average American who owns a home be thinking right now? Should he be scared? Well, there is no question that there is an overhang of inventories, especially newly constructed, unoccupied single-family homes. I judge there are about 200,000 units that are excess. And at the rate we're going now, we're running off a very small number of these inventories a month. These units are going to overhang the structure and move prices inexorably lower. So I think we're going through a period that is not over yet, and it's important that we bring this to an end sooner rather than later, because it has a corrosive effect on the economy.

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