Alan Greenspan Warns of Bond Bubble
Former Federal Reserve Chairman Alan Greenspan warned recently that the bond market bubble is in danger of bursting sometime soon. The originator of the phrase “irrational exuberance” is once again pointing out the dangers of low-interest rates and the likelihood that when rates start rising they will rise rapidly. Greenspan’s Fed and Low-Interest Rates The irony of Greenspan’s most recent comments is that he was responsible during his tenure as Fed Chairman not only for the creation and bursting of the [...]