While local economies may experience significant price imbalances, a national severe price distortion seems most unlikely in the United States, given its size and diversity.


October 19, 2004, playing down the threat of a national housing bubble.

FRB: Speech, Greenspan--The mortgage market and consumer debt--October 19, 2004[federalreserve.gov]

Alan Greenspan Quotes

While local economies may experience significant price imbalances, a national severe price distortion seems most unlikely in the United States, given ...

While local economies may experience significant price imbalances, a national severe price distortion seems most unlikely in the United States, given ...

While local economies may experience significant price imbalances, a national severe price distortion seems most unlikely in the United States, given ...

While local economies may experience significant price imbalances, a national severe price distortion seems most unlikely in the United States, given ...