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Come On And Listen To, The Lullaby Of Greenspan
The former Federal Reserve Chairman, Alan Greenspan, once again says the US is on the verge of recession. My response? Well, no shit. He also says housing prices have not hit rock bottom. I did see the foreclosure rates for Austin this morning and they are up something like 20% over last Quarter, so if there is room to fall it is continuing a race for the bottom here. That's despite all the local talk that the nationwide foreclosure crisis won't hurt Austin. So naive.
February 14 at 9:39 PM
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