Greenspan: Commercial Real Estate Bubble Has Already Popped

Former Fed Chairman Alan Greenspan believe a bubble in commercial real estate has already popped. “Real estate prices generally are down 50%,” Greenspan told me in my exclusive “This Week” interview. “With prices already down and adjusted, if we were going to get severe secondary reactions, they would have occurred, and they would have occurred if it weren’t for the fact that the rest of the economy is showing some degree of buoyancy.”

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