Greenspan: U.S. Running Out of Buffer in Economy; Stocks to See Significant Correction

By: Bloomberg | Wed, Jul 30, 2014
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In an interview with Bloomberg's Betty Liu, former Federal Reserve Chair Dr. Alan Greenspan said the U.S. is "running out of buffer in economy," "lacks fiscal resources," and has "no way to find new revenues."

Greenspan said equity markets will see a decline at some point after surging for the past several years, "The stock market has recovered so sharply for so long, you have to assume somewhere along the line we will get a significant correction."

Greenspan also said:

Video 1: Greenspan: Stocks to Eventually See Correction

Courtesy of Bloomberg Television

Video 2: Greenspan: Beware of False Dawn Pressuring Economy

Courtesy of Bloomberg Television

Video 3: Greenspan: We should Tighten at Some Point

Courtesy of Bloomberg Television




Author: Bloomberg


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