Until he apologizes for his part in the subprime mortgage caused Great Recession, Greenspan should shut up.
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Come on. We’re not even at 20% yet and already this chart. Pure fearmongering.
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Greenspan said there was no bubble when he was fed chair. He also encouraged people to use ARM mortgages right before the fed started to increase rates. We shouldn’t hold these academics in high regard. They tend to be all theory with no clue how the business world really works. If they were so smart, they’d be on the Forbes rich list. I’m sure it pisses them off daily that people with such inferior intellect are far wealthier than them.
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Running business and investing need balls which most academics don’t have.
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Don’t play with nuclear bombs.
Banks are screwed if the yield curve inverts. Trump doesn’t control that.
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Fed independence means nothing to conservatives nowadays?
WB went BIG with banks? How can WB be wrong?
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WB is an investor, holding 110 Bln cash. He is not like banks which chases earning with spreads !
Second, banks are controlled by FEDs, liquidity ratio…etc, while BRK is controlled by themselves with SEC rules.
WB is like crocodile, takes a shot when deep recession. Remember he even lends to bank at its inopportune times.
BRK cash strength is high, incredible power like AAPL.
WB invested in oracle. Still waiting for forum people to follow the genius.
When market is down, too many negatives are common.We have to know the real truth.
Greenspan, at that time, was chair, he is controlled by his position. Even now, FED chair Powell is telling economy is strong and he does not think any recession possibilities.
But both knows at that time what the are(were) doing, bursting the bubble deliberately.
Greenspan, now , is not chair (not controlled by government position) and he can openly say anything. We have to know the real truth.
What is Greenspan’s net worth?
Greenspan was never a good economist, at best 3rd rate. He used to be a (failed) musician.
If Greenspan was so smart, he would have avoided creating a bubble in the first place or caught it much sooner and gradually deflated it. Fed chairs have mentioned bubbles. They also discuss prices relative to historic norms. Nothing was preventing him from saying an asset class was over valued.
Greenspan made the phrase “irrational exuberance” famous by using it to describe the run in dotcom and tech stocks in the late 90’s. He was the fed chair when he said it.
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Net worth for Greenspan $20m. He married well. His wife is still making $750k per year.
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Hey that’s my number. 
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Poor you… 
Everything is fine. I swear. Nothing to worry about.
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The admin is only left with incompetents. More reactions below. Futures ranked after the treasury releases the statement
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