[djsherin]

He seems to make sense when he's out of the federal reserve.

[kcm.org]

Dr. Greenspan, the housing market crashed and oil shot up when which political party was allegedly elected into control of House and Senate???

[Perdogg]

I wish he would go away and enjoy retirement.

[PowderMonkey]

Former Federal Reserve chairmen, like former Presidents, should refrain from public commentary. They wield an inordinate amount of influence absent accountability. Under such conditions, comments more often are meant to influence rather than inform.

[bamagirl1944]

Why didn’t “Mr. Financial Genius” speak up before the bailout?

[paulcissa]

Greenspan needs a big ‘ol cup of STFU!

[M. Dodge Thomas]

"It's the imbalance of supply and demand which causes prices to go down, but it's ultimately the valuation process of the use of the commodity...which tells you where the bottom is," Mr. Greenspan said, recalling his days trading copper a half century ago. "For example, the grain markets can have a huge excess of corn or wheat, but the price never goes to zero. It'll stabilize at some level of prices where people are willing to hold the excess inventory. We have little history, but the same thing is surely true in housing as well. We will get to the point where there will be willing holders of vacant single-family dwellings, and that will no longer act to depress the price level."

I wonder if Mr. Greenspan has ever seen the inside of a vacant single family home after the heating fails or the wiring, plumbing, and HVAC gets pulled out of the walls?

[LetsRok]

Where is this old coot getting his information to give this analysis???? He is spouting his opinion since he does not have access to the raw data.

[Freedom_Is_Not_Free]

Greenspan sees a housing bottom. Greenspan saw housing only going up. Greenspan saw a housing slump would not affect the greater economy.

Greenspan has NO credibility. None. Housing isn’t close to a bottom. Bank losses aren’t close to being finished yet. Greenspan is close to senility.