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Sunday, August 28, 2005

Greenspan: end of housing boom inevitable - Yahoo! News

This is a self-fulfiling prophecy. He says it's going to happen, people listen to him, therefore it happens.

But he also says it will take several years. Is he hedging his bet?

It's pretty much a law that what goes up must come down. But all investments carry risk. That's where the profit comes from. Can't y'all just remember that for next time? Why does it have to be repeated everytime? Why does everyone get so carried away and taking insane chances and huge amounts of debt?

Greenspan: end of housing boom inevitable - Yahoo! News: "'The housing boom will inevitably simmer down,' the Fed chief said. 'As part of that process, house turnover will decline from currently historic levels, while home price increases will slow and prices could even decrease.'"

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