Former Federal Reserve Chairman Alan Greenspan said on Friday that U.S. house prices have not bottomed out after a crisis in the subprimemortgage market.
“The markets are becoming aware that the decline in U.S. housing prices is not stopping. It is at an unprecedented pace compared to the last 50 years,” Greenspan told a financial audience in the Norwegian capital.
He said the housing bubble had burst and the market was “a good deal away” from its selling climax — a point at which sellers ultimately lower their prices to match lower bids.
Greenspan should sit back in his arm chair and keep quiet. He has a lot to do with this mess and likes to state the obvious. Any educated human would understand this p@@P is yet to hit the fan.
Greenspan should sit back in his arm chair and keep quiet. He has a lot to do with this mess and likes to state the obvious. Any educated human would understand this p@@P is yet to hit the fan.
Greenspan should sit back in his arm chair and keep quiet. He has a lot to do with this mess and likes to state the obvious. Any educated human would understand this p@@P is yet to hit the fan.
Greenspan should sit back in his arm chair and keep quiet. He has a lot to do with this mess and likes to state the obvious. Any educated human would understand this p@@P is yet to hit the fan.
Greenspan should sit back in his arm chair and keep quiet. He has a lot to do with this mess and likes to state the obvious. Any educated human would understand this p@@P is yet to hit the fan.
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