Thursday, March 01, 2018 6:56:55 PM
Ex-Fed Chairman Alan Greenspan: ‘We are in a bond market bubble’ that’s beginning to unwind
Posted on March 1, 2018 by Opinion
CNBC/Matthew J. Belvedere/3-1-2018
“I would say we are in a bond market bubble and a bond market bubble really means is that prices are too high and when they move down long term interest rates move up. And if you take a look at the structure of not ‘price-earnings ratios’ but ‘earnings-price ratios’ in the stock market, you find that the critical issue of what engendered some of the strength in recent periods is essentially the decline in real long-term interest rates as it factored into the market. That is in the process of changing and I think that the bond market bubble is now beginning to unwind and that is going to bring us ultimately into a state of stagflation and beyond that it is very difficult to tell. This is not an easy economic outlook because there are too many variables which we haven’t seen in recent decades.” – Alan Greenspan, former Fed chairman
MK note: As is the case with Paul Tudor Jones (see below), Greenspan’s analysis hearkens back, in my view, to the late 1960s, early 1970s. As many of you already know, Greenspan is a staunch advocate of personal gold ownership as a means to hedging his outlook which amounts to a return to the stagflationary 1970s.
Gold - Continuous Contract (EOD) ($GOLD)23mth ma
Gold - Continuous Contract (EOD) ($GOLD)bullhorn pattern
Gold - Continuous Contract (EOD) ($GOLD)mthly 10-14-23ema
Gold - Continuous Contract (EOD) ($GOLD)quarterly map
In GOD We Trust -
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Posted on March 1, 2018 by Opinion
CNBC/Matthew J. Belvedere/3-1-2018
“I would say we are in a bond market bubble and a bond market bubble really means is that prices are too high and when they move down long term interest rates move up. And if you take a look at the structure of not ‘price-earnings ratios’ but ‘earnings-price ratios’ in the stock market, you find that the critical issue of what engendered some of the strength in recent periods is essentially the decline in real long-term interest rates as it factored into the market. That is in the process of changing and I think that the bond market bubble is now beginning to unwind and that is going to bring us ultimately into a state of stagflation and beyond that it is very difficult to tell. This is not an easy economic outlook because there are too many variables which we haven’t seen in recent decades.” – Alan Greenspan, former Fed chairman
MK note: As is the case with Paul Tudor Jones (see below), Greenspan’s analysis hearkens back, in my view, to the late 1960s, early 1970s. As many of you already know, Greenspan is a staunch advocate of personal gold ownership as a means to hedging his outlook which amounts to a return to the stagflationary 1970s.
Gold - Continuous Contract (EOD) ($GOLD)23mth ma
Gold - Continuous Contract (EOD) ($GOLD)bullhorn pattern
Gold - Continuous Contract (EOD) ($GOLD)mthly 10-14-23ema
Gold - Continuous Contract (EOD) ($GOLD)quarterly map
In GOD We Trust -
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
My opinions are my own and and DD I post should be confirmed as unbiased
