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Greenspan says home-price drop may spur new recession

Posted on 02 August 2010

From Bloomberg: Former Federal Reserve Chairman Alan Greenspan said the slowing economic recovery in the U.S. feels like a “quasi-recession” and the economy might contract again if home prices decline.
“We’re in a pause in a recovery, a modest recovery, but a pause in the modest recovery feels like a quasi-recession,” Greenspan said………………………………………Full Article: Source

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