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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (13159)	8/25/2003 2:57:35 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

RE:"Greenspan cares about asset inflation. Assets that are financed by debt" AG obviously put asset inflation on the back burner while he lowered rates and sucked people into huge debt on inflated home prices. I guess he thought the rest of the economy need the help. Because of this, my feeelings on the competency of AG has waned. He's basically priced a whole generation out of a house and set a lot of people up for a fall. OTOH, he had no control over the additional tax break given RE by Congress and Clinton in 1997 which really helped get the ball rolling again. Looks like more economic yo-yo times a comin'.