Maksudnya PGAS bakal ngebul lagi om?
On 4/8/08, Richard Rahardjo <[EMAIL PROTECTED]> wrote: > > Greenspan Says U.S. Home Prices May Stabilize Later This Year > By Scott Lanman and Lily Nonomiya > [image: Enlarge > Image/Details]<http://www.bloomberg.com/apps/news?pid=photos&sid=aJJ2lpaYz.tM> > April 8 (Bloomberg) -- Former Federal Reserve Chairman Alan > Greenspan<http://search.bloomberg.com/search?q=Alan%0AGreenspan&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1>said > the drop in U.S. home prices will probably end ``well before'' early > next year as the number of houses on the market diminishes, aiding an > economic rebound. > ``It will not be until early 2009 that we will get close to having > eliminated most of this'' home > inventory<http://www.bloomberg.com/apps/quote?ticker=HSANTOSL%3AIND>, > Greenspan told a conference in Tokyo today sponsored by Deutsche Bank AG and > co-hosted by Bloomberg LP. ``But it is very likely that home prices will > stabilize well before that.'' > The health of the U.S. housing > market<http://www.bloomberg.com/apps/quote?ticker=USHBMIDX%3AIND>is tied to > broader financial markets that rely on bundling mortgages to sell > as securities, Greenspan said. His successor, Fed Chairman Ben S. > Bernanke<http://search.bloomberg.com/search?q=Ben+S.%0ABernanke&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1>, > and other Fed officials have highlighted declining home > prices<http://www.bloomberg.com/apps/quote?ticker=SPCS20%3AIND>as a major > economic risk that may further hurt household wealth and consumer > spending. > ``Once the markets start to stabilize, especially if the real economies > don't go into a severe recession,'' then ``we can expect a recovery to begin > to take place,'' Greenspan, 82, said via satellite from Washington. ``It > will be slow, it will be hesitant.'' > He said the extent of damage stemming from the collapse of the > subprime-mortgage market won't be known for months. > ``Have we reached a point where prices are stable? We cannot know that for > a couple of months,'' Greenspan said. ``It looks as though we're going to > get a very large rate of liquidation, but not until the second half of this > year.'' > Inflation Contained > The yield on the 10-year Treasury note fell 2 basis points to 3.52 percent > as of 11:25 a.m. in Tokyo, according to bond broker Cantor Fitzgerald LP. > Greenspan said inflation will be contained during the current slowdown > before picking up as the world economy recovers. > ``It's difficult to imagine any major breakout of inflation as economic > slack continues to increase,'' he said. ``What we will see is gradually > rising inflationary pressures that will probably be subdued during the > current period of slack, but that will surely reemerge when economies pick > up.'' > Greenspan spoke via satellite from Bloomberg Television's studio in > Washington, answering questions from Peter > Hooper<http://search.bloomberg.com/search?q=Peter+Hooper&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1>, > chief economist at the securities unit of Deutsche Bank, which hired > Greenspan as a consultant in August. > Greenspan, who retired in 2006 after 18 years as the U.S. central-bank > chief, has come under increasing criticism for his policies as last year's > subprime-loan meltdown spread into a broader financial crisis. One recent > book, ``Greenspan's Bubbles'' by money manager William > Fleckenstein<http://search.bloomberg.com/search?q=William+Fleckenstein&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1>, > argues the former Fed chief helped inflate stock and home prices. > Left to Bernanke > In response to the bursting of the Internet and technology bubble and the > Sept. 11 terrorist attacks, Greenspan lowered the Fed's key > rate<http://www.bloomberg.com/apps/quote?ticker=FDTR%3AIND>in 2001 from 6.5 > percent to 1.75 percent, then reduced it further in 2003 to > 1 percent, a 45-year low. > He left the rate there for a year before starting to raise borrowing costs > in quarter-point increments, leaving it Bernanke to decide when to stop. > Some Fed critics, such as Bear Stearns Cos. economist John > Ryding<http://search.bloomberg.com/search?q=John+Ryding&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1>, > say rates were too low for too long, encouraging the easy credit that helped > inflate a housing > bubble<http://www.bloomberg.com/apps/quote?ticker=NHSPSTOT%3AIND>and has now > returned to burn investors. > Greenspan, who published his memoir ``The Age of Turbulence'' in > September, has taken to defending his legacy in newspaper opinion articles. > Yesterday, in a Financial Times piece headlined ``The Fed is blameless on > the property bubble,'' Greenspan wrote that the evidence is ``very fragile'' > that Fed interest-rate policy added to the U.S. bubble and that ``it is not > credible that regulators would have been able to prevent the subprime > debacle.'' > Worst Credit Crisis > Greenspan said today that ``the current credit crisis is the most > wrenching in the last half century and possibly more.'' > Such remarks echo the assessments of economists including those at the > International Monetary Fund, and may add to pressure on policy makers to > strengthen their response to the credit crunch. Fed officials last week > acknowledged that capital markets remain distressed even after the fastest > interest-rate <http://www.bloomberg.com/apps/quote?ticker=FDTR%3AIND> cuts > in two decades, and may be rethinking their aversion to acting against > asset-price bubbles. > After last month's near-collapse of Bear Stearns, Minneapolis Fed Bank > President Gary > Stern<http://search.bloomberg.com/search?q=Gary+Stern&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1>-- > the longest-serving policy maker -- said on March 27 that it's possible > ``to build support'' for practices ``designed to prevent excesses.'' > Greenspan, in yesterday's FT piece, reiterated his doubts about taking a > more active role in leaning against asset bubbles. > At least 14 banks and securities firms have sought cash from outside > investors in the past year after more than $230 billion of global markdowns > and losses caused by the collapse of the U.S. subprime mortgage market, > Bloomberg data show. > Bernanke, 54, told Congress last week that the U.S. economy may contract > in the first half of 2008 and for the first time acknowledged the chance of > a recession. > Later today, the Fed releases minutes of its March 18 interest-rate > decision and any other conference calls in February and the first half of > March. The Federal Open Market Committee that day lowered its benchmark rate > by 0.75 percentage point to 2.25 percent, capping 3 points of cuts since > September. > To contact the reporters on this story: Scott > Lanman<http://search.bloomberg.com/search?q=Scott+Lanman&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1>in > Washington at > [EMAIL PROTECTED]; Lily > Nonomiya<http://search.bloomberg.com/search?q=Lily+Nonomiya&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1>in > Tokyo at > [EMAIL PROTECTED] > > > *IDX Analyst <[EMAIL PROTECTED]>* wrote: > > Beli sekarang.. mumpung lagi discount.. kira2 perkiraan tahun 2008 berapa > incomenya kalau harga gas naik 10-20%? > > > ------------------------------ > You rock. 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