Aug 17, 2010

Alan Greenspan predicts a rosy future for the US economy and equities markets (1973)

It's very rare that you can be as unqualifiedly bullish as you can now.

~Alan Greenspan, then future-Federal Reserve Chairman, The New York Times "Economic Survey", January 7, 1973

(1973 and 1974 turned out to be the worst years for economic growth and the stock market since the Great Depression, as noted in Jason Zweig's commentary in "The Intelligent Investor")

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