Former Federal Reserve Chairman Alan Greenspan said Sept. 30 that the U.S. economy will probably slow next year as the surge in stocks comes to an end. …“The odds are we flatten out,” he said of stocks in a Bloomberg Television interview. “That flattening out will put some sort of dull face on 2010.” – Bloomberg1 Wasn’t it some guy name of Fred Nietzsche talked about hysteria repeating itself? The stock market crash of 1929 and the subsequent Great Depression cost Fisher much of his personal wealth and academic reputation. He famously predicted, a few days [October 17, 1929] before…
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  To paraphrase an old Pete Seeger song, "Where have all the owner-occupiers gone- long time passing?" Wherever they’ve gone, in Phoenix they’re not out there selling houses.  That market remains dominated by the banks: Two-thirds of the Phoenix-area homes that changed owners last month were either new foreclosures or resales of properties that had recently been foreclosures. The latest Realty Studies report from the W. P. Carey School of Business at Arizona State University explains a recovery can’t really be established until foreclosure-related activity is not the dominant force in the Valley housing market. "Although the level of activity…
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