Greenspan Fears “False Dawn” In US Economy, Warns Of “Equity Correction At Some Point”
by Tyler Durden
Equity bulls should be exuberant. The last time Alan Greenspan warned of exuberance and potential for a correction, stocks soared for a few more years. While Yellen’s stock-picking skills have been questioned in recent days, Greenspan has once again weighed in:
*GREENSPAN SAYS ‘KEY QUESTION’ IS WHETHER U.S. FACES FALSE DAWN
*GREENSPAN PREDICTS AT SOME POINT EQUITIES TO HAVE CORRECTION
Although Greenspan declined to second-guess the Fed, he sees a problem moving toward “normalized” policy for his descendants.