Monday, June 4, 2012

Greenspan: The Maestro's Market Musings

It's unbelievable that CNBC can still call this man "Maestro" without the slightest trace of irony. Please listen closely to this interview and do the exact opposite of what Easy Al says.

"We really have two separate economies. One economy is behaving reasonably well; in the second economy, there is an extreme level of forward discounting going on. You can see it in the spreads between the 30-year Treasury on the one hand, and the 5-year Note, that spread is the largest in history"

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