Alan Greenspan

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Greenspan: Housing’s Worst Still Ahead HW+

Aug 01, 2008By

Former Federal Reserve chairman Alan Greenspan managed to get the attention of market participants and investors alike on Thursday afternoon, suggesting that the economy was still skirting a recession and that housing had much further to fall before a bottom will form. His remarks actually helped fuel a sell-off in stocks that has largely continued into Friday’s session, according to various published reports.

3d rendering of a row of luxury townhouses along a street

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