Former Federal Reserve Chairman (and, lest we forget, namesake of this blog) Alan Greenspan talks with Betty Liu and Tom Keene of Bloomberg about the near certainty of a stock market correction sometime in our collective, not-too-distant future.
According to this Reuters report (I could only get about three minutes into this 18 minute segment before feeling nauseous), Bubbleman states the obvious when concluding “you have to assume somewhere along the line we will get a significant correction”.
