“The Stock Market Is Great, The Economy Is Not” Alan Greenspan Warns Of “Great Depression”-Like Global Demand
by Tyler Durden
ZeroHedge.com
02/26/2015
While conflicting economic data leaves hope for both buills and bears, Alan Greenspan warns that, unlike Yellen, “US economic growth is not strong.” The maestro then breaks the golden rule of central bankers and explains how The Fed was, in fact, the main driver of the P/E multiple expansion in stocks; and when asked if this ends as badly as last time? He concludes “It depends…When real interest rates start to move up, that’s when the crisis could hit,” concluding with a warning that global “effective demand is extraordinarily weak – tantamount to the late stages of the great depression.”
The Rest…HERE
