- Greenspan: Problem im Immobiliensektor möglich aber unwahrscheinlich - kingsolomon, 19.10.2004, 16:29
- Re: Der Durchblicker - Theo Stuss, 19.10.2004, 16:41
Greenspan: Problem im Immobiliensektor möglich aber unwahrscheinlich
-->REMARK (19/10/04) Concerns about run-up in house prices cannot be readily dismissed. Fall in incomes, house prices may hurt but unlikely scenario. Debt loads unlikely destabilising if no big falls in incomes, house prices
VIEW: Acknowledges that concerns on the rise in house prices is valid, but feels that a destabilising decline in house prices is an unlikely scenario, and that the debt burden is sustainable as long as there are no shocks to income or house prices.
NOTES: Respected for keeping inflation subdued since joining the Fed as chairman in 1987. Sensitive to political implications of a rate move. Moderate who became increasingly convinced by 'new economy'.
Quelle:4CAST

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