Killer Bunny Report post Posted September 20, 2005 He has a lovely turn of phrase(s): "During his farewell speech at the Jackson Hole economic symposium in late August, Federal Reserve Chairman Alan Greenspan issued two stern warnings. His successor, Greenspan said, will first have to deal with future inflationary pressures stemming from the U.S. budget deficit. Second, "nearer term, the housing boom will inevitably simmer down," he said. "As part of that process, house turnover will decline from currently historic levels, while home-price increases will slow and prices could even decrease." " "The prices of new homes have been declining over the past few months." "The National Association of Home Builders on Monday said its monthly housing market index fell from 67.0 to 65.0, its lowest level in more than two years. " ""If you put the housing starts data together with the survey, we're likely to see some further decline in the market in the months to come," says Josh Shapiro, chief U.S. economist at MFR Inc. " http://www.thestreet.com/_yahoo/comment/ni...=FREE&cm_ite=NA Quote Share this post Link to post Share on other sites
