Day: April 13, 2006

Greenspan Speaks About His Bubble / Legacy

Greenspan says that an end to the global liquidity glut will lead to lower asset prices… No shit, Sherlock, is the phrase that comes to mind on that quote. The asset/credit bubble is his baby, Alan’s Bubble, after all. Sounds like he’s trying to disown his child now. But, why would he do that, this one is going to make him famous. Just not the kind of famous he wants. Tragic. See continuation of this post for more: