[lbo-talk] The Fed's own Don Ho

[Tom Walker]

One of the truly memorable utterances of Chariman Greenspan and not a 
peep about it on LBO.

"There are a few things that suggest, at a minimum, there's a little 
froth in this [housing] market," Greenspan told the New York Economic 
Club Friday. While "we don't perceive that there is a national bubble," 
he said "it's hard not to see that there are a lot of local bubbles."

http://www.hawaiian-music.com/real2/bubbles.html

The Sandwichman