Alan Greenspan dishes on fear and inertia
On today's midweek Breakfast with Benjamin, former Fed chairman Alan Greenspan talks fear of bubbles. Plus: Catching a ride on Japan's QE wave, Russia is sweating over low oil prices, and a union stalemate could lead to lower-cost Christmas trees.
- Alan Greenspan elaborates about fear and greed, but mostly about fear. ‘While all bubbles burst, only those supported by significant leverage are truly economically disruptive’
- Japan’s QE presents new round of investment opportunities. Here we go again. Being rewarded for not fighting the Fed
- Russian economy is quaking over the falling price of oil. ‘Recession is inevitable in 2015 if situation worsens’
- Longshoremen contract bickering presents the surprise bonus of less-expensive Christmas trees this season. Appealing to Obama to save Christmas (trees)
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