Many say that Federal Reserve Chief Alan Greenspan's biggest failing was neglecting to identify, and plan for, the housing bubble. Greenspan recently presented a 48-page paper that discussed this very issue.
Here's Kansas City.com's post from today, which is a story from The New York Times.
http://economy.kansascity.com/?q=node/6539
What's your feeling on this? Can bubbles be predicted? Can we deflate an economic bubble before it pops?
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