Greenspan says the thrill is gone----the housing boom. Also home equity boom history

Click on the post for Mr. Greenspan's comments today about the end of the housing boom.

He concludes that another problem is the problem of social security and that it is a lesson that governments should not make promises they cannot fulfill.

He does not comment on engaging in wars that cannot be paid for. Or that consume the assets that could have paid for the promises that had been made. Stay tuned.