Greenspan Fears “False Dawn” In US Economy, Warns Of “Equity Correction At Some Point”

Wednesday, July 30, 2014
By Paul Martin

by Tyler Durden
ZeroHedge.com
07/30/2014

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.

The Rest…HERE

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