Former Fed Chair Alan Greenspan Sees Bubbles in Stocks and Bonds

The bond bubble will be the critical one, Greenspan says

Notes that the U.S. is working toward higher interest rate

“There are two bubbles: We have a stock market bubble, and we have a bond market bubble,” Alan Greenspan, 91, said Wednesday on Bloomberg Television with Tom Keene and Scarlet Fu. Greenspan, who led the Federal Reserve from 1987 until 2006, memorably used the phrase to describe asset values during the 1990’s dot-com bubble.