Greenspan sees no bubble with record Dow
Former Federal Reserve Chairman Alan Greenspan said the economy probably will grow more slowly next year than some forecasters predict and indicated that a record stock market isn't in a bubble.
“This does not have the characteristics, as far as I'm concerned, of a stock market bubble,” Greenspan said on Bloomberg Television's “Political Capital with Al Hunt,” airing this weekend.
Greenspan said that even with the rise in equities, the economy is restrained by a “degree of uncertainty” that is reducing investment. Economists who forecast 2.5 percent to 3 percent growth next year may be too optimistic, he said.
Greenspan said his fore- cast is “closer to 2 percent.”
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Highmark’s new REMWorks Sleep Store will sell sleep apnea equipment
- Kennametal profit, sales improve in 1Q, but forecast reduced
- Marcellus shale boom lifts Civil & Environmental Consultants of Robinson
- Pittsburgh area job market improves; jobless rate falls to 5.2%
- Wabtec profit, sales jump by double-digit rates in 3Q
- Profit falls at vitamin retailer GNC Holdings in third quarter
- Range Resources reports $146M in Q3 profits on record Marcellus production
- Hedge funds sue to block EDMC deal
- CCAC, Energy Innovation Center respond to energy industry’s growing demand