Free Republic 2nd Qtr 2024 Fundraising Target: $81,000 Receipts & Pledges to-date: $40,070
49%  
Woo hoo!! And we're now over 49%!! Thank you all very much!! God bless.

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  • Fate of World Economy Lies with U.S. Housing --Greenspan

    10/02/2007 7:27:22 AM PDT · by ex-Texan · 80 replies · 279+ views
    Sign on San Diego ^ | 10/1/2007 | Sumeet Desai
    LONDON – The fate of the world economy hinges on what happens to house prices in America and that may not be a good thing, former Federal Reserve chairman Alan Greenspan said on Monday. Speaking at the Reuters headquarters in London, the former Fed chair delivered a gloomy prognosis on the state of the global economy – U.S. house prices are likely to fall further and they could drag the rest of the world with them. * * * “The critical variable in this judgement is the price of homes in the United States,” said Greenspan, who ran the U.S....