There is no stock bubble, according to former Fed Chief Alan Greenspan. He spoke out last week saying there’s a “bond bubble” and when it pops, it isn’t going to be pretty -- especially for long-term interest rates. But not everyone agrees with him.
The former Federal Reserve Chairman spoke with Bloomberg News, saying: “Real long-term interest rates are much too low and therefore unsustainable.” And that: “When they move higher they are likely to move reasonably fast.”
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