“Greenspan sounds optimistic note on housing according to a report of a speech Greenspan gave in Canada on Friday” – Marketwatch

My friends, I don’t know when Abby Joseph Cohen will be coming out to propose her Dow 12,250 theory, but this is something to watch out for in housing. This is the fork in the road in my opinion. Either what he’s saying is held up we go into a short recession and it’s all over, or all hell breaks loose.

“Other economists have been even more pessimistic in arguing that, because a good share of the jobs created during the current economic expansion have come in housing-dependent industries like construction and mortgage financing, the housing slowdown may hit the U.S. economy hard enough to push it into recession.” [Finally some noteworthy economists.]

Just another “Bubble message”.


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