RLLD 4,275 Posted September 17, 2007 In an interview ahead of the release on Monday of his widely-anticipated memoirs, the former chairman of the Federal Reserve said the decline in house prices “is going to be larger than most people expect”. US house prices are likely to fall significantly from their present levels, Alan Greenspan has told the Financial Times, admitting that there was a bubble in the US housing market. Rink Time to queue up the choads who link their house value to their self worth, start stammering on about capitalism and free market so as to demonstrate the total lack of comprehension of both Share this post Link to post Share on other sites
Voltaire 5,505 Posted September 17, 2007 People have analized every word spoken, tasted everything he's eaten for breakfast, sniffed every fart of this guy for years. So he's gotten so use to guarding his comments, that it looks like he's really enjoying speaking freely now. Share this post Link to post Share on other sites
RLLD 4,275 Posted September 17, 2007 People have analized every word spoken, tasted everything he's eaten for breakfast, sniffed every fart of this guy for years. So he's gotten so use to guarding his comments, that it looks like he's really enjoying speaking freely now. Agreed. He had to be very careful for a long time. Remember what happened when Bernanke first came on board and mentioned at a dinner about a fear of being considered too focused on deflation? it got reported the next day and markets dropped... Greenspan is likely enjoying every moment of this new freedom to speak. Share this post Link to post Share on other sites
