When the credit crisis, bottoming out? .Greenspan: Rates are the key future.

<P> Former Federal Reserve Chairman Alan Greenspan said that once the investors in subprime mortgage securities and other losses may have been "thoroughly" prepare for the credit crisis will be past the worst of times. .</ P> <P> (http://finance.) Office Greenspan remarks that "if we believe that subprime mortgage securities and potential gifted class has been completely discount the current market price, will be reflected emerging .the final loss, the worst moment of the credit crisis already in the past. "</ P> <P align=center> subprime losses shall be fully provided for </ P> <P> subprime mortgage loans or quasi-gifted class room .Loan default rates have been rising household, resulting in January 2007 to the asset write-downs and losses of more than 323 billion U.S. dollars. .Greenspan said that the value of mortgage-backed securities ultimately depends on the owner of all the home equity, depending on future prices and therefore crucial. .He pointed out that "house prices may fall as well. End, house prices have a chance, but unlikely stabilized." </ P> <P> twenty U.S. metropolitan areas in February prices fell a record record .February S & P / Case-Shiller home price index decreased by 12.7% over the same period, a decrease not only exceeded market expectations, but also the data in 2001, the biggest monthly decline since the opening. .</ P> <P align=center> expected interest rate unchanged </ P> <P> In addition, the economist, said the upcoming expected U.S. retail sales fell in April, because the property market downturn, the impact of high oil prices and the unemployment rate .living expenses. .According to a Bloomberg survey shows the median estimates, retail sales decline 0.2%, compared to 0.2% the previous month. .Other reports may show housing starts fell to 17-year lows, fuel and food prices, the public cost of living increase. .</ P> <P style=MARGIN: 0px> Deutsche Bank chief U.S. economist Joe LaVorgna noted that consumer spending has been a marked decline in overall economic activity and therefore fear of stagnation. .Last month, the U.S. demand for high value goods such as automobiles, a record decline. .April auto and light truck sales reached 14.4 million units in the past ten years at least. .Bloomberg survey shows the median estimates, retail sales excluding autos increased 0.2%, compared with February by 0.1%. .</ P> <P style=MARGIN: 0px> </ P> <P style=MARGIN: 0px> While gasoline prices and rising food prices on the occasion, falling house prices, shrinking along with the American public purse. .Fear of market concerns about inflation led to Federal Reserve interest rate policy in coming months to maintain the same. .</ P>.