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Alan Greenspan says there are two bubbles: A stock market bubble and a bond market bubble (but missed the housing bubble)

This is a syndicated repost courtesy of Snakehole Lounge- Online Course Notes for Financial Markets. To view original, click here. Reposted with permission.

Alan Greenspan, who didn’t think there was a housing bubble, now thinks there is a stock market bubble.

Liquidity moves markets!

Follow the money. Find the profits! 

Yes, “Maestro” didn’t see a housing bubble and did nothing to stop it. And then it popped.

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Other than Greenspan’s inability to spot a massive housing bubble, …

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Greenspan is worried about poor labor productivity …

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And unit labor costs.

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He is also worried about the budget deficits (although many economists said that budget deficits were not a problem under Obama when they exceeded $1 trillion for several years, but suddenly NOW they are a problem? As Meryl Streep uttered in Death Becomes Her, “NOW a warning?”

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Well, at least Alan Greenspan is “Bonded.”

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Today was Fed Chair Janet Yellen’s last meeting. Be careful on that wing, Janet!

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Wall Street Examiner Disclosure:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. I may receive promotional consideration on a contingent basis, when paid subscriptions result. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. No endorsement of third party content is either expressed or implied by posting the content. Do your own due diligence when considering the offerings of information providers.

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