Additional Economic Indicators from NASDAQ

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FYI ... Friday-Aug26, 2005 from NASDAQ Calendar notes
10:30 a.m. ET - Alan Greenspan, in a speech to the Fed's annual Jackson Hole conference, warned that the housing market, specifically asset wealth tied to appreciating home values, is a "boom" market and, along with the nation's current account deficit, a risk to economic stability. The outgoing chairman also warned against protectionism. His remarks offer an echo of the "irrational exuberance" warning of the pending stock bust in the late 90s, with the focus now the housing market. The comments will raise expectations for further, if not increased, policy restraint. Financial markets showed little initial reaction to the remarks, which may however resonate in sessions to come. --Mark Pender --
Consumer Sentiment 9:45ET and GreenspanSpeaks» see website
 
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