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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (64578)	3/15/2007 5:49:24 PM
From: andiron	Respond to of 116555

this year inflation will keep surprising on the upside even as economy falters....

To: mishedlo who wrote (64578)	3/16/2007 12:58:53 PM
From: sea_biscuit	Read Replies (3) \| Respond to of 116555

Mish, this should make you go "AAAAAARGGGGGH!" Falling home prices causing crisis with risky mortgages, Greenspan says By Harriet Johnson Brackey South Florida Sun-Sentinel Posted March 16 2007 BOCA RATON – Retired Federal Reserve Chairman Alan Greenspan, speaking at a Futures Industry Association annual conference here on Thursday, said the problems of the subprime mortgage market had more to do with home prices than easy credit. "If we could wave a wand and housing prices go up 10 percent, the subprime mortgage problem would disappear," he said. AAAAAARGGGGH! It is because that he did wave that wand that we are in doo-doo right now. Now he wants somebody to do it AGAIN????? Mish, this really deserves a blog from you. Don't you agree?!