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Alan Greenspan

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Greenspan: Housing’s Worst Still Ahead 

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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