Greenspan points to market 'fear'
The ex-Federal Reserve boss compared today's situation to the crash of 1987 and the fallout from the near-demise of Long-Term Capital Management in 1998.
"The human race has never found a way to confront bubbles," he said, alluding to booms suddenly grinding to a halt.
Mr Greenspan, who now advises a number of hedge funds and other financial institutions, said the nervousness which typically gripped markets when a period of "euphoric" expansion ended was extremely powerful.
Well, he ought to know. He's king of the bubbles, lol.
Hotels: Occupancy Rate Decreased 0.6% Year-over-year
-
From STR: U.S. hotel results for week ending 5 April
The U.S. hotel industry reported mixed year-over-year comparisons,
according to CoStar’s latest data t...
4 hours ago
No comments:
Post a Comment