Greenspan: Worst Is Over For Housing

Date December 18, 2006

Former Federal Reserve Chairman Alan Greenspan said that the worst of the housing adjustment was over and that he was preparing to publish an analysis of the “serious dispute” over the true effect of mortgage wealth on consumer spending.
Housing starts and other additional data indicated that the dampening effect that a slowing housing market had [...]

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50th Anniversary

Date December 18, 2006

While enjoying an early morning breakfast in a northern Arizona cafe, four elderly ranchers were discussing everything from cattle, horses, and weather, to how things used to be in the “good old days.” Eventually the conversation moved on to their spouses. One gentleman turned to the fellow on his right and asked, “Roy, aren’t you [...]

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