Greenspan Warns of Double-Dip Recession if Home Prices Fall Further

Alan Greenspan warned on NBC’s “Meet the Press” that a further drop in home prices could trigger a double-dip recession. This potential decline in home values, amid an already fragile economy, could erode investor and consumer confidence, further impacting the economy. The housing market is expected to remain unstable, potentially leading to prolonged economic difficulties. It’s essential to manage expectations and address factors that could contribute to declining home values to mitigate the risk of a new recession.