Greenspan Dashes Recovery Hopes: “Housing Stagnation Is Here To Stay”

(Before It's News)

Ten years ago this week, Alan Greenspan made his infamous comment about signs of ‘froth’ in the housing market. A decade later, CNNMoney’s Cristina Alesci sat down with the Former Federal Reserve Chairman and got his perspective on real estate. It’s stuck in a rut, or as he puts it, “we haven’t come out of the bottom [of the housing collapse], we are in a secular stagnation.”

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