Monday, August 29, 2005
Greenspan Sees End Of Housing Boom
The upside? The Fed chairman thinks that a slowdown in the housing market could improve the national savings rate, decrease imports, and improve the trade deficit. Those would all be great things. It'd be better yet if those same things could be accomplished without immobilizing a large chunk of the population at the same time that jobs become increasingly more difficult to maintain in a particular geographic area.