Greenspan says stocks are cheap:

“In a sense, we are actually at relatively low stock prices,” Greenspan, who guided the central bank for more than 18 years, said in an interview with Sara Eisen on Bloomberg Television today. “Indeed I say that so-called equity premiums are still at a very high level, and that means that the momentum of the market is still ultimately up.”

Sell! What a pompous idiot. He and his buddies Bernanke and Yellen. It is beyond belief that we allow people with such atrocious track records to play such a critical role and thereby create so much dislocation and suffering.

Both comments and trackbacks are currently closed.
%d bloggers like this: