4 ms·
I swear that I remember a quote from Greenspan saying that low interest rates would cause a housing bubble but I can't find it anymore. Anyone have any idea wha
by rms 19y ago
I swear that I remember a quote from Greenspan saying that low interest rates would cause a housing bubble but I can't find it anymore. Anyone have any idea what I am thinking of?
- pius 19y agoI don't know if this what you're looking for, as Greenspan was not prognosticating, but speaking in hindsight. "Greenspan said in an interview with Austrian magazine Format that low interest rates in the past 15 years were to blame for the house price bubble, but that central banks were powerless when they tried to bring it under control." http://www.reuters.com/article/ousiv/idUSL2146624120070921 http://www.reuters.com/article/ousiv/idUSL2146624120070921