November 23, 2007

Greenspan says flexibility cuts risk of recession (Reuters)

Former Federal Reserve chairman Alan Greenspan speaks at the Per Jacobsson Foundation Lecture on the 'Balance of Payments Imbalances' at the International Financial Corporation in Washington October 21, 2007. Greenspan said on Friday that markets had become aware that U.S. house prices are still falling. (Yuri Gripas/Reuters)Reuters – The economy’s great flexibility has
reduced the risk of recession from the subprime mortgage
crisis, former Federal Reserve Chairman Alan Greenspan said on
Friday.

Filed under Real Estate Blog, Real Estate Business by Yahoo! News: Business - Real Estate

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