Attention

All comments are subject to approval by Moderators. Any off-topic comments will be rejected. Thanks for your cooperation!

Wednesday, August 09, 2017

Greenspan: Bond bubble about to break because of 'abnormally low' interest rates

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."

More/Video

2 comments:

Anonymous said...

Absolutely No Doubt In My Mind !!!!!

Anonymous said...

Irrational exuberance once again! He called it last time, but 2 years early.