http://www.marketoracle.co.uk/images/greenspan-smiling.gif Greenspan Says Housing Prices Not Yet Near Bottom (Update1)

格林撕盘说：房价仍未见底　　　　　　　　　　　　By Steve Matthews

July 31 (Bloomberg) -- Former Federal Reserve Chairman Alan Greenspan said falling U.S. home prices are ``nowhere near the bottom'' and the resulting market turmoil isn't showing signs of abating.

While the odds of a recession are 50-50, achieving stable markets will ``take a while,''

衰退的可能性：５０％－－５０％，使市场稳定仍需时日．Greenspan said today in a CNBC interview.

The economy grew at a 1.9 percent annualized rate in the second quarter after expanding 0.9 percent in the first quarter, the Commerce Department said in Washington. Gross domestic product was revised to show a contraction in the final three months of 2007.

More Americans filed claims for unemployment insurance last week than at any time in more than five years, the Labor Department said. Fed policy makers have cut the benchmark rate to 2 percent from 5.25 percent since September, halting the reductions in June amid rising concern about inflation.

Fannie Mae and Freddie Mac, the largest sources of money for U.S. home loans, are a ``major accident waiting to happen,'' Greenspan said. ``The solution'' is the ``nationalization'' of the companies, he said.（他说：两房的解决办法是国有化）

After the former Fed chairman spoke, Washington-based Fannie Mae dropped 69 cents, or 5.7 percent, to $11.52 at 3:48 in New York Stock Exchange composite trading. Freddie Mac fell 55 cents, or 6.3 percent, to $8.18.

``It important that we focus on stabilizing the financial system,'' Greenspan said. Policy makers also need to reconcile slowing economic growth with rising prices, he said.

The U.S. faces ``a very substantial change in the balance between growth and inflation,'' Greenspan said.他说：在保持经济增长和通货膨胀之间的平衡问题上，美国面临着一个本质性变化．（如果我理解不错的话；就是说保持经济增长优先于防止通货膨胀！）

Last Updated: July 31, 2008 16:01 EDT

原油短期可能走C,目标130附近.

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美国的痛苦指数:失业率加通货膨胀率,超过10%,回到了里根草期时代. 美国劳工部昨天公布的数据显示，7月份美国非农业部门就业岗位连续第七个月减少，失业率升至5.7%，达到4年来的最高.http://www.marketoracle.co.uk/images/2008/credit-crisis-misery-july08_image022.jpg