From Bubble-Blower To Energy Expert, Alan Greenspan Warns “Oil Hasn’t Bottomed Yet”
by Tyler Durden
ZeroHedge.com
03/14/2015
Having recently explained why the stock market is extremely overvalued (in his own words by Fed-driven multiple expansion alone), Alan Greenspan – seemingly brimming over with the need to remedy his years of lies/mistruths with some uncomfortable truthiness – is now taking on the US Dollar (“it is not from a strong US economy but a weak rest of the world”) and oil prices (America has a massive surplus of oil and there may soon be nowhere to store all of it, “we’ll be lucky if we can get $40 for it.”)
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