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Better listen to this guy, he knows his shit
Posted by: The Hole Keeps Getting Deeper ()
Date: August 04, 2017 02:34PM

https://www.cnbc.com/2017/08/04/greenspan-bond-bubble-about-to-break-because-of-abnormally-low-interest-rates.html

Former Federal Reserve Chairman Alan Greenspan issued a bold warning Friday that the bond market is on the cusp of a collapse that also will threaten stock prices.

In a CNBC interview, the longtime central bank chief said the prolonged period of low interest rates is about to end and, with it, a bull market in fixed income that has lasted more than three decades.

"The current level of interest rates is abnormally low and there's only one direction in which they can go, and when they start they will be rather rapid," Greenspan said on "Squawk Box."

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Re: Better listen to this guy, he knows his shit
Posted by: He looks like Mr. Peanut ()
Date: August 04, 2017 02:53PM

I bet he jerks off all of the time. Well, he probably did when he could get hard.

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Re: Better listen to this guy, he knows his shit
Posted by: The Hole Keeps Getting Deeper ()
Date: August 04, 2017 03:13PM

Greenspan "was" a very wise man. I guess he still is if senility hasn't taken hold yet

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Re: Better listen to this guy, he knows his shit
Posted by: Gunlover ()
Date: August 04, 2017 04:02PM

How old is that geezer?

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Re: Better listen to this guy, he knows his shit
Posted by: Old Man River ()
Date: August 04, 2017 04:17PM

He looks like he's about 110

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