Saturday, August 27, 2005

Greenspan: Investments Won't Soar Forever

Alan Greenspan on Friday reminded folks that home and stock prices will not rise forever and are subject to price fluctuations. SF Gate has an Associated Press article on the subject this morning.

"History has not dealt kindly with the aftermath of protracted periods of low-risk premiums," Greenspan said.

CBS Marketwatch has an additional piece from Saturday's final day of the Jackson Hole, WY Fed Policy meetings.

"As the housing boom ends, housing prices "could even decrease," Greenspan said."

He didn't say anything about a 'bubble', nor did he say anything about economic disaster. Just that housing prices 'could even decrease'...

Yahoo! News also has coverage on the Jackson Hole meetings.

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