Keyword: Real Estate Temporary Boom

Mortgage Default Hits Stock Market Hard Email Print

Alan Greenspan sent shivers through the stock market a couple of weeks ago when he said, "There could be a recession."

That is accurate and Alan Greenspan should know.  His reign of error helped bring it about, including the current foreclosure crisis.

When the high tech stocks were skyrocketing the usual frenzied buying spree continued, ignoring profits. Following like sheep, they then created an ensuing crash.  When the inevitable crash hit the stock market about the time the Republicans took power.  What was the thing to do?

What if the economy had been allowed to stabilize without manipulations?  Economic stability might have occurred.  But the Administration, working closely with Alan Greenspan, cunningly figured out a way to generate superficial, short-term prosperity.

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