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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 published with the permission of Snakehole Lounge- Online Course Notes for Financial Markets. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

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

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


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


Greenspan is worried about poor labor productivity …


And unit labor costs.


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?”


Well, at least Alan Greenspan is “Bonded.”

old greenspan

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



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