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

To: Lizzie Tudor who wrote (18648)3/16/2004 12:37:20 AM
From: JF QuinnellyRespond to of 306849
 
Mr. Greenspan's view is that household balance sheets are "in good shape," and perhaps stronger than ever, because the value of people's homes and stock portfolios have risen faster than their debts.

He should never smoke crack before giving a speech.



To: Lizzie Tudor who wrote (18648)3/16/2004 6:33:38 AM
From: Square_DealingsRead Replies (1) | Respond to of 306849
 
LOL

Home and stock prices can go down. Debt doesn't go away.

The "balance sheet" theory is Greenspan stroking the fabric. ho ho ho

M


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