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Eye of the Economic Storm Showing Signs of What s Looming

Posted on May 09, 2008

You have to love Alan Greenspan. Today he s quoted as having declared the worst over for the credit crisis during a speech in New York. Yet, at the same time he still thinks housing has a long way to go down, and will not be hitting bottom by year end. Well, which one is it going to be, Sir Alan? Given the implications of the latter, it certainly can t be both! Perhaps that s why Mr. Greenspan is requesting the press not cover his speech comments?Longtime readers of VI know where we stand on the issue, but as of late your writers have been busy in our full time consulting bus...

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housing , system