Saturday

Financial News Items; UK

~According to Business Timesonline.co.uk:
US heading for house price crash, Greenspan tells buyers
By Graham Searjeant, Financial Editor
(excerpt)
WALL STREET| August 27, 2005 - "Rob Carnell, of ING Bank in London, said that Mr Greenspan’s warning was an eerie reminder of a successful campaign last summer by Mervyn King, Governor of the Bank of England, to “use rhetoric rather than interest rates” to cool an overheating homes market. Britain has avoided a crash thus far."
Read more here.
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