There was a day when a 91-year-old man talked, and the world listened.
Not any longer, apparently.
Former Federal Reserve Chairman Alan Greenspan said that last week’s rise in weekly mortgage applications could signal that the “worst may well be over” for the U.S. housing industry, according to a report of a speech Greenspan gave in Canada on Friday …
… Greenspan, speaking at a conference in Calgary, saw this “flattening out” of mortgage activity compared to the steep declines seen in recent months as a good sign, according to a story published Friday by Bloomberg News.
Nope, now everyone listens to Mr. Barenakedy, instead.
Source: Greenspan sounds optimistic note on housing: report – By John Shinal, MarketWatch, by way of Matrix