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Greenspan Speaks: Bitcoin, Bonds, & China "Bubble"; US Stocks "No Bubble"
Since his historical track record has been spot on until now, we thought it useful to reflect on the wisdom of the maestro as he speaks this morning and his recent appearances. On the heels of the success of his un-best-selling book, Greenspan explains:
- *GREENSPAN SAYS 'NO DOUBT' BUBBLES ARISING IN CHINA'S ECONOMY
- *GREENSPAN SAYS OF BITCOIN: 'IT'S A BUBBLE'
- *GREENSPAN SAYS 'I DON'T SEE' SIGNS OF A BUBBLE IN STOCK MARKET
- *GREENSPAN SEES SIGNIFICANT RISE IN LONG-TERM RATES COMING
It appears he bubble-vision is strong and yet he notes that US income inequality is potentially harmful to the US political system and Dodd-Frank doesn't work; adding that the US needs 4% growth to fix itself.
He had plenty more to say...adding to his recent comments...
US Stocks
- *GREENSPAN DOESN'T SEE AN ASSET PRICE BUBBLE IN EQUITIES
- *GREENSPAN SAYS HE'S MORE CONCERNED ABOUT THE FUNDAMENTALS
US Economy:
- *GREENSPAN EXPECTS `MORE OF SAME' IN ECONOMIC PERFORMANCE
- *GREENSPAN SAYS `HOUSING CLEARLY HAS COME BACK'
- *GREENSPAN SAYS PART OF SLOWING ECONOMY IS SEVERE WEATHER
- *GREENSPAN EXPECTS DOWNWARD REVISION IN 4TH QTR GDP
- *GREENSPAN SEES `SLIPPAGE' IN INDUSTRIAL PRODUCTION
US Regulation:
- *GREENSPAN SAYS DODD-FRANK MAY PROVE `COUNTER-PRODUCTIVE'
- *GREENSPAN SAYS DODD-FRANK REGULATORY STRUCTURE DOESN'T WORK
- *GREENSPAN FAVORS REQUIREMENT FOR CONTINGENT COVERTIBLE BONDS
- *GREENSPAN SAYS CONTINGENT CONVERTIBLE BONDS COULD AVERT DEFAULT
US Income Inequality:
- *GREENSPAN SAYS U.S. INCOME INEQUALITY `DANGEROUS'
- *GREENSPAN: INCOME INEQUALITY HARMFUL TO U.S. POLITICAL SYSTEM
- *GREENSPAN: U.S. NEEDS 4% ANNUAL GDP GROWTH TO CUT INEQUALITY
Bitcoin:
- Dec - *GREENSPAN SAYS OF BITCOIN: `IT'S A BUBBLE'
- Dec - *GREENSPAN: DOESN'T UNDERSTAND WHERE BITCOIN BACKING COMING FROM
Bonds:
- Dec - *GREENSPAN SEES SIGNIFICANT RISE IN LONG-TERM RATES COMING
China
- Dec - *GREENSPAN SAYS `NO DOUBT' BUBBLES ARISING IN CHINA'S ECONOMY
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But I though there was no way to predict a bubble until it burst????
You can't see a bubble
But you can see when there's no bubble
The G20 morons have just decreed that the world needs 2% growth. Greenspan wants 4%. Does it make him ummm... a DOUBLE MORON? ;-)
Looney
"You can't see a bubble" ~ [ROAD HOG]!
you ZH fuckers in on the equity rally? (yet)
Fuck you, Al- you've demonstrated your cluelessness enough- go off and die already....
whatsapp --> no bubble
Sure Derek,it's a can't lose.Time to take a second out on the house and lever up on the S&P,it's a can't lose.....wink wink Sucker
sarc'd you
GREENSPAN SAYS OF BITCOIN: 'IT'S A BUBBLE'
A certain board member here will undoubtedly be CRUSHED to hear this. I can't believe he's not in here already. He WAS up late last night, so maybe that's why.
If Greenspan is calling Bitcoin a bubble that is perhaps the most bullish sign for Bitcoin so far.
Hard to tell, given the plethora of bullish signs for Bitcoin.
What hasn't been bullish about Bitcoin recently?
You've rapidly devolved into a parody of your original persona.
<== Take Greenspans advice
<== Take fonestars advice
~~~
Note: I expect a DEAD HEAT here...
Btc goes from 1200 to 100 and that fucking blob of an old dumb ass man says it's a bubble. How can you understand him with all that drull running out of his mouth and on to his chin
nflx new highs. No bubble in equities either
Please tell fonestar where you can buy Bitcoin for $100?
HB... that's a tough one! I can't believe you made me vote for Greenspan!!!
LOL. It's not drool...it's bubbles!!!
<== Take Greenspans advice
<== Take fonestars advice
Bah that's like swimming in dog shit or in horse manure... Choice is difficult!
Yeah, fonestar has been here trolling for Bitcoins loud and obnoxious since under $50. Why listen to someone who has been RIGHT when you could just listen to MORONS?
Where are the PETS.COM trolls claiming their Being Right - you know, at least all the way up until it imploded?
Bitcoin is backed by nothing but other fiat currencies...hang around to see how that works out.
Replace "Bitcoin" with "Gold".
As always.
The notion that BC and gold are interchangeable is ludicrous.
They have many of the same characteristics, so they can be compared directly in many cases, this being one of them.
Gold is better than bitcoin for savings and wealth preservation, while bitcoin is better than gold for transacting over long distances.
Also, one would do well not to dismiss comparisons without actually thinking about it. The word "ludicrous" is a thought stopper. Don't stop thinking.
You "have many of the same characteristics" as Michael Jordan, and it's equally ludicrous to imagine that the two of you are somehow comparable, let alone interchangeable.
OK, so lets think for a second. BTC is good for transacting, gold is good for store of value...
So... Therefore... BTC is like holding cash, not holding gold. You want some on hand, in case you need to transact, but due to volatility there is no real benefit to holding BTC BEFORE you need to transact with them. The low cost of transfer is at this moment in time negated by the high volatility.
But it in the future, I can see a (GOLD BACKED) BTC (or imitator) being a substitute to Western Union et al.
We're not there yet. And no reason to hold BTC in the meantime, IMO.
Bitcoin is an excellent store of value as well. It has massively outperformed both gold and silver since its release into the wild and will continue to do so.
Bitchcoin is worse than dollar bills. At least with a dollar, you can make origami or wipe your ass with it when it goes to zero.
Bitcoin can't go to zero moron.
I am not an economist by any stretch of an imagination, but what is wrong with taking a chance on bitcoin? I wouldn't put all my money on it but why not buy a few and see where it takes you? Isn't that diversifying? Why not take a chance? Like I said I wouldn't bet my house on it, but I bought a few when they were at $20 and if I lose $800 so what? I took a chance, like many of you did with a stock market. As of now I'm still in the black.
What the fuck...first thing Monday morning and I get triple dose of CNBC headlines from 3 ZIONIST motherfuckers, Carl I-Can on Ebay, Alan Greedspan on his useless thoughts on the markets and now Larry Fuckin Summers.....what a way to start off a week, fuckin disgusting
and of course the markets are skying again....what JPY getting smoked again?
Stop throwing the word ZIONIST around, that blames the wrong people. They are Luciferian Oligarchs and their puppets running things.
No, its you thats overthinking things. If someone is an admitted Zionist, but a shadow Luciferian, which is the correct title? I think its the one they admit to. Because that is undeniable. The rest (Luciferian) is (very well reasoned) speculation.
Well now that Greenspan has spoken, everything is sooo clear.
Might as well be throwing darts at random quotes on the wall.
Greenspan and Bernanke should get together and do a comedy tour...
Beavis and Butthead Revival Tour perhaps?
Then again, both Beavis and Butthead were smarter than thess asshats....
Greenspan and his ilk are awesome at 'predicting' bubbles in other economies [having largely contributed to them via the Fed and international bankers with HQs in the US], just not our own.
Greenspan died in a head on collision with Osama Bin Laden in 1998 just outside Boca Raton and a deal was made to keep them both alive at least another decade. The U.S is getting carried away with this weekend at bernie's scam.
LOL! I look forward to a 95 yr old Bernanke, rolled up in a basket and on an IV drip, lecturing everyone else on how to live frugally. Isn't there something about the dead walking the earth in the Book of Revelations?
They had to re-do his comments three times- all he would say at first was, "BRAINS! Braaaaains! "
Seems to me the Bitcoin bubble has burst. Is he saying it's a bubble at this level? If so where was he on the first trip up?
The Fed has always operated by viewing the world through very defective and distorted rear view mirrors. That's why the economy keeps ending up in the ditch. They will not know that they have driven off the cliff until they see nothing but blue skies in their rear view mirrors---as the economy plunges.
Greenspan so blind he married trowl on spackle Andrea Mitchell says no bubble in stocks?
SELL SELL SELL!
Thank god that gold was slammed down to it's current levels, otherwise that would have been a bubble too!
I think he should cut down on the pure oxygen... it's getting to his brain...
Or the lack of oxygen from sitting so high up in those ivory towers.
Death to the moneychangers!
So Greedscam opened his lying mouth again. What a surprise. Did he phase it in some cryptic way that there was an irrational exuberance in those things?
He hinted that Fonestar's exuberance is irrational.
Bitcoin's (and fonestar's by proxy) exuberance is the only rational thing taking place right now in 2014.
For me cryptic language is when greenspan says,
INCOME INEQUALITY IS HARMFUL TO U.S. POLITICAL SYSTEM.
* ? poltical system? That means his bigger goals are not economic.
Yeah thanks a pant load Greenspank.
Nice to see the pathetic algos still programmed for this clown's name
that dude is undead
A zombie, like our economy.
I think you are on to something...
http://flavorwire.files.wordpress.com/2009/06/cryptkeeper.jpg
If the old fucker can't see a bubble in the stock market, how can any of his other 'bubble' calls have any credence?
Keynesicide!
Greenspans glasses are so thick, he can't see shit. Mr. Magoo...
Bubble?...Has anyone else noticed that Janet Yellen has a BIG round bubble-like head, and she looks like Charlie Brown?
So 4% annual growth will cut "income inequality". WTF does that mean? Does that mean we all join the 1%. Equal wages for everybody Fuck yeah!...... idiot.
Good morning Doc. You're right. It means that in our bifurcated economy some people are going to benefit greatly and enjoy a higher standard of living while the others can fight over jobs at McDonald's. It also means that people will slowly realize that they are socially and economically redundant and no matter what they do, food stamps will be their major source of nourishment and support. No wonder the US population is one of the most medicated on earth.
Good morning Sloane. Life is really going to stink when the robots start filling the job's at McDonald's and they won't even have that to fight over. There won't be enough drugs available to keep the poor saps medicated and out of trouble.
I sure hope its VERY difficult to sabotage those robots...
It's indicative of how the fed is a progressive/leftist entity.
It see's income not as something arising from economic growth, but
as something to be doled out by the gov. To progressives and keynesians, Income inequality means that someone isn't getting their
Fair share of the $ distribution by our central planners.
And the winner of the thread is...
With our current corrupt system of taxation and upward wealth redistribution...what it means is that the wealth of the 1% will grow at a 20% clip, while everyone else's continues to drop!
4% growth and better will be there when "consumption of content" is officially recognized.
Greenspan is a bubble.....he did such a good job of seeing the bubble in housing ...didn't he?
"Greenspan is a bubble.....he did such a good job of seeing the bubble in housing ...didn't he?"
Actually, he did. Last year he admitted, "we knew it was a bubble all along."
That guy has clearly missed his bus.
Please shuffle in front of the next one.
Yeah- the short bus.
How reassuring. I feel better already.
Why is greenspan getting any media coverage at all? I guess Yellin can't doubletalk the way G-money can, so they gotta bring him out for the tv.
Yeaahhh...
Isn't this the same guy in 2002 that said to then President George W. "Give me a War"?!
Yeah. That guy!
Greenspan, Benanke, Yellen.....doing their best for the Tribe and NWO which can be two peas in the pod or seperate and hated by eachother.
Gold:
* GREENSPAN ('99):GOLD STILL REPRESENTS THE ULTIMATE FORM OF PAYMENT IN THE WORLD.
Oh man. If he says Bitcoin is a bubble, it may be a worthwhile investment. LOL.
then after he says it's a bubble he says he doesn't know what is backing it as in he doesn't know what it is. by the way Greenfuck what's backing the dollar? Guns and psychopaths.
IF CRAMER GOES AGAINST IT TO, I'M IN! :)
Greenspan- Get an ajdustable rate mortgage and then I will raise rates 17 times in a row. G'head, I DARE YOU!
Who gives a FLYING FUCK what this asshole has to say?
SPY = this is not the bubble you're look for.
Greenspan is perhaps the greatest troll of all time. He fancies himself Francisco d'Anconia. His code is lies. That is, every thing he says is a lie, and the truth is the exact opposite. The people he wants to hurt listen to him. The people he wants to succeed don't.
Despite having personally gone Galt, I still find it disgusting.
Senile; put him on CNN or MSNBC talk show, Printing to the Stars...
Greenspan: In A Bubble
And he looks like a wombat:
http://cheezburger.com/2155762944
Did he speak from his jail cell?
No. From Hell.
Stupid is as stupid does.
The man sold his soul a long time ago. Onetime advocate of a gold standard. Close friend to Ayn Rand. Now just a shill for Wall Street.
Ah, the ol "paralyze em with talking" routine. Every predator has a means of immobilizing its prey.
I wish this man would just die, already.
Of natural causes, of course.
VADER: "The FARCE is strong in this one.."
SHUT HIM UP!!!
I don't hate people.
THIS GUY I HATE!
YOUR TIME IS DONE OLD MAN! GO AWAY!!!
Greenspan reminds me of the Soviet Suprem 95 or 97 y.o. zombies that in the 1980's (right before the Big Bang) would tell the Russian people : "yes ze Soviet system is alive and strong! Keep ze faith! DA!"
When do we, people of the West, tear down the Wall St. wall? It's Nov. 1989 again, BITCHES! :-)
"GREENSPAN SAYS 'NO DOUBT' BUBBLES ARISING IN CHINA'S ECONOMY"
Greenspan said he couldn't see a bubble before it bursts. Greenspan lied.
"GREENSPAN SAYS 'NO DOUBT' BUBBLES ARISING IN CHINA'S ECONOMY"
Greenspan said he couldn't see a bubble before it bursts. Greenspan lied.
"GREENSPAN DOESN'T SEE AN ASSET PRICE BUBBLE IN EQUITIES"
See above.
Greenspan's de-regulation didn't work and was counterproductive, resulting in an endless economic depression.
Greenspan saying its bad is a great sign for Bitcoin. Holler.
*GREENSPAN SEES SIGNIFICANT RISE IN LONG-TERM RATES COMING
World Bank Sees Volatile Shift to Higher Global Interest Rates
20 February 2014, by Katherine Peralta (Bloomberg)
http://www.bloomberg.com/news/print/2014-02-20/world-bank-sees-volatile-shift-to-higher-global-interest-rates.html
I am disappointed in the Tylers. Greenspan deserves no time or space on this sight. How can Greenspan have any credibility? He has proven he is a muppet of the State Bank cartel and his forecast SUCK!
My question is, how is Alan Greenspan suddenly seeing all these bubbles yet he couldn't see a obvious bubble in housing on his watch as Fed Chairman?? Haha.. Maybe he is trying to redeem himself.
Who in the hell listens to this old coot? Only the pretentious douchebags I assume. Bitcoin will prevail as always.
I have only 2 words for Mr. Greenspan: FUCK OFF.