Category Archives: Alan Greenspan
“Very Close To Irrational Exuberance”: Asian Equities Break Above All-Time High As Hang Seng Clears 30,000
Following the new all-time high in US equities, the MSCI Asia Pacific Index broke through its November 2007 peak to make an all-time high in Wednesday’s trading session. This was something we noted could happen yesterday in “SocGen: Asian Equities Are So Awesome, A China Minsky Moment Is ‘Manageable”. The dollar weakened slightly after outgoing […]
Desperately Seeking 1995
wallstreetexaminer.com / by Jeffrey P. Snider Via Alhambra Investments / November 13, 2017 The year 1995 wasn’t exact a good year to remember. There was the Oklahoma City bombing, the San Diego tank rampage, the New Jersey Devils winning the Stanley Cup in a lockout shortened NHL season, and some former Buffalo Bills running back named OJ getting into trouble […]
Don’t Fight the Fed
Alexander Hamilton, George Washington’s Treasury Secretary, in his first “Report on the Public Credit” in 1790, put forth the concepts of “assumption” and “redemption.” He argued that the federal government should assume the Revolutionary War debt and pay those debts at “face value” in full to the bearers of such debt on demand. In order […]
Bond Bear Bubbleheads
financialsense.com / BRADY WILLETT / 08/18/2017 Conventional wisdom holds that with central banks’ beginning to throw their experimental policies into reverse the strings holding the asset price boom together are slowly being cut. No disagreement here. But while the divergence between the fundamentals and asset prices suggests things like equities are in/near bubble territory, the bond market is […]
Graphic Anatomy of a Stock Market Crash: 1929 stock market crash, dot-com, and Great Recession
The 1929 stock market crash became the benchmark to which all other market crashes have been compared. The following graphs of the crash of 1929 and the Great Depression that followed, the dot-com crash, and the stock market crash during the Great Recession show several interesting similarities in the anatomy of the world’s greatest financial […]
Former Fed Chairman Alan Greenspan Ominously Warns That The Biggest Bond Bubble In History Is About To Burst
Are we right on the verge of one of the greatest financial collapses in American history? I have been repeatedly warning that our ridiculously over-inflated stock market bubble could burst at any time, but former Federal Reserve Chairman Alan Greenspan believes that the bond bubble actually presents an even greater danger. When you look at […]
Greenspan Fears Imminent Stagflationary Slump, Warns The Bubble Is In Bonds Not Stocks
Former Fed chair Alan Greenspan blasphemously warned a year ago of an "imminent crisis": "This is the worst period, I recall since I've been in public service. There's nothing like it, including the crisis – remember October 19th, 1987, when the Dow went down by a record amount 23 percent? That I thought was the […]
All Conundrums Matter
Authored by Jeffrey Snider via Alhambra Investment Partners, Since we are this week hypocritically obsessing over monetary policy, particularly the federal funds rate end of it, it’s as good a time as any to review the full history of 21st century “conundrum.” Janet Yellen’s Fed has run itself afoul of the bond market, just as […]