November 23, 2007

Economy – Friday (Investor’s Business Daily)

Investor’s Business Daily – Ex-Fed Chairman Alan Greenspan predicted further falls in U.S. housing prices, saying the market was “a good deal away” from its selling climax. Bipartisan deregulation, including of the financial markets, has made the U.S. economy more flexible, he added, saying that cuts the risk of recession. Critics say Greenspan kept interest rates far too low for too long, helping to feed the housing bubble. But Greenspan, speaking in Oslo, Norway, said he has “no regrets” over housing.

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