Tuesday, August 1, 2017

Greenspan Fears Imminent Stagflationary Slump, Warns The Bubble Is In Bonds Not Stocks

Will mainstream Keynesian economists (which is redundant since 99% of economists are Keynesian) and the indoctrinated masses label former Fed Chairman Greenspan a chicken little and delirious gold bug?  He's advocating a return to the gold standard, and forecasting stagflation.

This is coming from a man who was the ultimate Keynesian and dubbed the "Maestro" because he was so deft at printing virtually unlimited "stimulus" dollars.  Now that he's 91 years old, I'm sure his former allies will label him a decrepit, old, has-been scholar.

By the way, Austrian economists have been saying the bond market is the mother of all bubbles for quite a while.  They will be proven right, if early.


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