Bubble Quote by Alan Greenspan
““We had a bubble in housing.””
About This Quote
Source Speech: Economic commentary, 2008
Housing market experienced a rapid expansion that eventually burst, creating a bubble.
In simple terms: Housing prices rose unsustainably then fell.
Recognize signs of market overheating.
Themes
Mood
Type
When to use this quote
- home buying
- investment decisions
- policy making
Key Concepts
Questions to Reflect On
- How can we detect early warning signs?
- What safeguards help prevent future bubbles?
Predicting bubbles is difficult.