05/08/17

Bubblicious Debate: Greenspan Says “Bond Bubble About to Break”, No Stock Market Bubble



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Bubblicious Debate: Greenspan Says "Bond Bubble About to Break", No Stock Market Bubble
// Silver For The People

mishtalk.com / Mike "Mish" Shedlock / August 4, 2017 5:19:02

In 1996 Alan Greenspan, Fed Chair, warned of "irrational exuberance" in the stock market.

Some say he was just early. But the real story is much different. By the year 2000, Greenspan was the market's and the economy's biggest cheerleader. Right before the dotcom bubble collapsed, he fully embraced the productivity miracle.

Today Greenspan is back with another "irrational exuberance" call. This time he says Bond bubble About to Break Because of 'Abnormally Low' Interest Rates.

Former Federal Reserve Chairman Alan Greenspan issued a bold warning Friday that the bond market is on the cusp of a collapse that also will threaten stock prices.

In a CNBC interview, the longtime central bank chief said the prolonged period of low interest rates is about to end and, with it, a bull market in fixed income that has lasted more than three decades.

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