The Big Picture has a long list of articles where analysts, billionaries, Cramer and Greenspan prematurely call the bottom in housing.
Follow the trend. Don’t pick turning points, they rarely happen abruptly.
“Fed Vice Chairman Donald Kohn, a former top adviser to Greenspan, also said this week that while he doesn’t know how long and deep the housing slump will be, it probably won’t sink the U.S. economy into a recession.”
“Former Federal Reserve Chairman Alan Greenspan said the ‘worst may well be over’ for the U.S. housing industry”
