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.
Hey! Mr. Alan Greenspan, print more cash for me
I'm not greedy but inflation means my payments grew
Hey! Mr. Alan Greenspan, print more cash for me
Trapped in condo mortgage mourning and I'm being sued
Can't pay my bills when you slow your magic printin' clip
All my cents have just been stripped and my homes can't seem to flip
And I can't seem to fund my bets, wading so deep in debt real
I'm just wonderin'
I'm ready to stop pulling hair, I'm ready for more pay
My stuff's on layaway, aim your printing press my way
I promise to not go under
Hey! Mr. Alan Greenspan, print more cash for me
I'm not greedy but inflation means my payments grew
Hey! Mr. Alan Greenspan, print more cash for me
Trapped in condo mortgage mourning and I'm being sued
Cotality: House Prices Increased 1.7% YoY in June; Weakest June since 2008
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From Cotality (formerly CoreLogic): US home price insights — August 2025
The end of the 2025 spring homebuyers season ended softly, with slower
price grow...
3 hours ago
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