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