Friday, January 7, 2011

Alan Greenspan Sees A Huge Chance Of A Bond Collapse, While Lashing Out At His Critics

"If you can skip ahead of the lot of the Greenspan-ese here, this is a great interview of Alan Greenspan done by WSJ's Kelly Evans.

A few points:

He's very worried about the deficit and sees a 50/50 chance of a bond collapse.

He thinks the ultimate thing to watch is the wealth created by a rising stock market.

And he's defiant towards his critics (this comes right in the middle, around the 11 minute mark), imploring them to "prove him wrong")..."

at http://www.businessinsider.com/alen-greenspan-interview-2011-1?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+clusterstock+%28ClusterStock%29#ixzz1ANhokKdL

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