Greenspan calls turning point in financial crisis
Former US Federal Reserve chairman Alan Greenspan today hailed the prospect of a turning point in the turmoil that has swept through the world’s financial markets, saying the troubled US housing market that triggered the crisis will begin to recover in the first half of 2009.
Writing exclusively for EuroWeeks sister publication Emerging Markets at the end of the most turbulent fortnight in modern financial history, Greenspan said the recent slowing in the rate of decline in US home prices was the first "positive note in this long term trauma.
In a strikingly upbeat assessment
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