alan-greenspan-real-estate

WHO the hell would be stupid enough to pay to hear Alan Greenspan’s opinion of anything!

Notice, that isn’t a question because I already know the answer. Rather, it’s a statement with one of those exclamation points to show that my voice is being raised in a mix of bewilderment and anger.

The National Association of Realtors, which is probably suffering from combat fatigue, asked the former Federal Reserve chairman and the chief suspect in the destruction of the US economy, to address its Washington conference (last) Tuesday and tell real estate people what they want to hear — that things are getting better.

So Greenspan did just that.

“We are finally beginning to see the seeds of a bottoming” in the housing industry, Greenspan told the gathering. Adding, according to Bloomberg News, that the US is “at the edge of a major liquidation” in the stock of unsold houses.

Applause, applause. Here’s your check, Alan.

Bloomberg News

Read More

Comments

comments

Call Now