Easy Al before Congress: The Audio

by Alex Stenback on June 10, 2005

Greenspan_1 Highlights from Greenspan’s Q&A with congress from Yesterday, via NPR:
· On the Bubble: National bubble not likely – but ‘froth’ exists in some markets.
· On Exotic [interest only, etc.] Mortgages: To the extent they are used to buy homes that would otherwise be un-affordable, they may be adding to bubble pressures.
Audio Here:
· Congress Quizzes Greenspan on Housing Market [NPR]

{ 2 comments… read them below or add one }

Prosperity Doctor June 13, 2005 at 2:29 pm

What the hell is this supposed to mean? Of course it’s a bubble.

gwkr June 14, 2005 at 8:36 pm

“Of course”? I think that there is enough uncertainty about this issue to at least warrant an argument along with your assertive claim…

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