Zeev's Turnips Patch-No Politics (ZEEV)

[Joe Stocks]

>>"We don’t perceive there is a national (housing) bubble, but it’s hard not to see a lot of local bubbles."<<

A lot of local bubbles in some of the nation's largest housing markets. In this case a lot of local bubbles can easily lead to a national crisis if these many local bubbles start to pop.

Greenspan is an idiot!