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Wednesday, July 20, 2005

Interest Rates... will still go up, signals Fed

Update 8: Greenspan Signals Further Rate Increases - Forbes.com And for those of you paying attention to regional housing markets, Greenspan actually referred to them as "a bubble". With the gap widening between housing prices and real income growth, as well as the numbers of buyers using interest-only variable mortgages, we could be looking at a bubble "pop" that will make the 2000 bust in tech stocks look small by comparison.

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