24 Feb '14, 2pm

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 Ec...

Full article: http://www.zerohedge.com/news/2014-02-24/greenspan-speaks...

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