Greenspan Compares Current Market Conditions With 1998 and 1987
Tweet Send to a Friend
Comments from former Fed Chairman Alan Greenspan are making the rounds this morning. According to a published report in the Wall Street Journal, Greenspan said, "The behavior in what we are observing in the last seven weeks is identical in many respects to what we saw in 1998, what we saw in the stock-market crash of 1987, I suspect what we saw in the land-boom collapse of 1837 and certainly [the bank panic of] 1907."
He also said, "the expansion phase of the economy is quite different, and fear as a driver, which is going on today, is far more potent than euphoria." Link
He also said, "the expansion phase of the economy is quite different, and fear as a driver, which is going on today, is far more potent than euphoria." Link
You May Also Be Interested In
- Apple (AAPL) Streaming Music Service Could be Delayed - The Verge
- UPDATE: Vanda Pharmaceuticals (VNDA) Opens Higher; Lazard Raises PT to $17
- Amarin's (AMRN) Vascepa Not in FDA Orange Book for April
Create E-mail Alert Related Categories
Economic Data, General News, Trader Talk
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
