Greenspan speaks. Will the markets still listen?
Oct
7
From Marketwatch.com,
Former Federal Reserve Chairman Alan Greenspan said that last week’s rise in weekly mortgage applications could signal that the “worst may well be over” for the U.S. housing industry, according to a report of a speech Greenspan gave in Canada on Friday. [more...]
Somehow I doubt that this news will have the same effect on the market that it once might have, however.
Greenspan sounds optimistic note on housing: report [Marketwatch.com]
Greenspan tees up last rate rise [SFHomeBlog]
It’s in Greenspan’s legacy’s interest not to see the housing bubble he helped create turn into a similar-sized housing bust. So not too surprised to see him – almost certainly – calling a premature end to the downturn.
giantaxe at October 8th, 2006 at 7:31 pm ( )