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Ukshep

Former Central Banker Comes Clean: The Bond Bubble is About to Burst

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There’s a strange thing about Central Bankers…

When they are working at a Central Bank, they never see financial problems, even if said problems are both MASSIVE and obvious. As Fed Chair in 1999, Alan Greenspan claimed it was impossible to know if stocks were in a bubble … when stocks were in their single largest bubble in 100 years. The next year, the market crashed.We’ll see what comes next year.

Actually, we KNOW what’s coming, because for whatever reason, as soon as a Central Banker leaves the Fed, he or she suddenly changes their tune and starts telling the truth.

On that note, former Fed Chair Alan Greenspan issued a crystal clear warning on Friday.

Quote

 

Former Federal Reserve Chairman Alan Greenspan issued a bold warning Friday that the bond market is on the cusp of a collapse that also will threaten stock prices.

In a CNBC interview, the longtime central bank chief said the prolonged period of low interest rates is about to end and, with it, a bull market in fixed income that has lasted more than three decades.

"The current level of interest rates is abnormally low and there's only one direction in which they can go, and when they start they will be rather rapid," Greenspan said on "Squawk Box."

 

http://www.zerohedge.com/news/2017-08-07/former-central-banker-comes-clean-bond-bubble-about-burst

Soon then! Many here have said the same! Not I! but members!

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