Sunday, December 16, 2007

yahoo: Greenspan uges stronger action to help homeowners: Notes "stagflation"

Click on the post for some thoughts from Mr. Greenspan. He seems to advocate targeting cash to the folks that are hurting rather than generally reducing interest rates----and he mentions the dreaded word "stagflation"---a term for rising inflation that comes along with decreased economic output---and with that term some bad memories from the Pres. Jimmy Carter years.

Click on the post for the story.

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