> Sam wrote:
> your wrong most of the time. You run around screaming the sky is falling
So does this dumbass:
Greenspan Issues Fresh Warning On Economy
Annalisa Burgos, 08.26.05, 1:20 PM ET
NEW YORK - Topping the headlines at midday, U.S. Federal Reserve
Chairman Alan Greenspan is calling the U.S. housing boom an economic
imbalance with a potentially bad ending.
In his final address to the Fed policy conference in Jackson Hole,
Wyoming, Greenspan said a sudden drop in home prices or spike in
interest rates would hurt local housing markets, homeowners and
lenders. The Fed chief also warned growing protectionism regarding
trade and record budget deficits pose risks to long-term U.S. economic
health.
U.S. stocks moved lower, amid the latest economic data. The University
of Michigan's consumer confidence index came in at 89.1 in August,
down from a 96.5 reading for July. Record gasoline prices fueled the
larger than expected drop in consumer sentiment.
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