Former Fed Chair Alan Greenspan Sees Bubbles in Stocks and Bonds - Bloomberg
'Well the fact, that, essentially, we’re beginning to run an ever-larger government deficit,” Greenspan said. '
'The bond bubble will be the critical one, Greenspan saysThe man who made the term “irrational exuberance” famous says investors are at it again.“There are two bubbles: We have a stock market bubble, and we have a bond market bubble,” Alan Greenspan, 91, said Wednesday on Bloomberg Television with Tom Keene and Scarlet Fu. '
'Greenspan, who led the Federal Reserve from 1987 until 2006, memorably used the phrase to describe asset values during the 1990’s dot-com bubble. '
'Greenspan sounded an alarm on forecasts that the U.S. government deficit will continue to climb as a share of gross domestic product. '
' As a share of GDP, “debt has been rising very significantly” and “we’re just not paying enough attention to that.”'
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'Well the fact, that, essentially, we’re beginning to run an ever-larger government deficit,” Greenspan said. '
'The bond bubble will be the critical one, Greenspan saysThe man who made the term “irrational exuberance” famous says investors are at it again.“There are two bubbles: We have a stock market bubble, and we have a bond market bubble,” Alan Greenspan, 91, said Wednesday on Bloomberg Television with Tom Keene and Scarlet Fu. '
'Greenspan, who led the Federal Reserve from 1987 until 2006, memorably used the phrase to describe asset values during the 1990’s dot-com bubble. '
'Greenspan sounded an alarm on forecasts that the U.S. government deficit will continue to climb as a share of gross domestic product. '
' As a share of GDP, “debt has been rising very significantly” and “we’re just not paying enough attention to that.”'
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