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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (89124)	11/23/2007 10:36:40 AM
From: sea_biscuit	Read Replies (1) \| Respond to of 110194

I wish the bastard just kept his mouth shut. But no, here he is again : "We are beginning to see all sorts of asset prices weakening ...(so) where home prices stabilize is critically important for the economic outlook," said Greenspan, who left the Fed in 2006. He said house prices underpin the mortgage market and also have a "wealth effect" on home-owners. "The probability of a recession would be higher than 50 percent if it hadn't been for such a remarkable degree of flexibility," Greenspan said at an event organized by Norwegian broker First Securities.