Former Fed Chair Alan Greenspan the man who coined the term ‘irrational exuberance’ but allowed investment banks to run rampant was vocal about the current ever increasing markets. Alan Greenspan, a firm believer in allowing markets behave as they should with little regulation and allowed a cycle of greed that made the 80’s and 90’s look like medieval times stated:
“There are two bubbles: We have a stock market bubble, and we have a bond market bubble,” Alan Greenspan, 91
The pieces below associated talk about conditions that lead to the housing crash in the US and the devestation that caused citizens...not bankers. Greenspans comments seems clear to me, but not if you turn on the television. It sounds like the best days are ahead. The good news is that there are many great signals coming out and great places to put your money. Resource commodities and companies associated with building, infrastructure, those companies with raw materials will see a strong bump in It is no surprise that I would throw in the housing market for a third, but that was covered in another camp chatter piece. No one likes to hear about all the doom and gloom, but the markets are resilient and as mentioned there are opportunities. The other thing to remember sometimes doing nothing and sitting in a safe insurance position for the near term is wise. I do not mean cash, but actual assets: gold, and silver.