The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: benwood who wrote (94172)	5/12/2008 6:21:12 PM
From: philv	Read Replies (1) of 110194

I recall Greenspan musing that people don't really need wage increases as there was asset growth in housing. The asset bubble was a good and significant thing as far as the FED was concerned. They obviously recognized it as a plus for the economy, and did everything they could to encourage and inflate the bubble. When asked about the housing bubble, Greenspan would deny it, and when questioned about overseeing or drafting some rules in regards to hedge funds, he thought it a bad idea, and explained how important it was to "spread the risk". I'm sure many unsuspecting investors, throughout the world would take exception? LOL

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