If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
Alan Greenspan, former Federal Reserve Chairman, and arguably the conductor behind two of the largest asset bubbles ever seen in the history of mankind, signed a consulting deal with PIMCO, a large Newport Beach, California based bond investment specialist.
In my opinion they make for strange bed partners. PIMCO has repeatedly advised clients to stay out of housing and mortgage as a result of the current asset bubble; and now they have signed on the man that helped create it as a consultant to chief executives.
This only makes sense if Greenspan is in there telling them "This thing is going to get waaay more F*ed than it already is; trust me…." wink, wink.
Last 3 posts by Morgan
- Subprime Bananas - June 28th, 2009
- Roubini: No confidence in government exit strategy - June 24th, 2009
- Goldman bonuses largest in firm's 140-year history - June 21st, 2009
Related posts:
Loading ...