Now he tells us

Alan Greenspan in a speech via AP:

“The behavior in what we are observing in the last seven weeks is identical in many respects to what we saw in 1998, what we saw in the stock-market crash of 1987, I suspect what we saw in the land-boom collapse of 1837 and certainly 1907…these bubbles cannot be defused until the fever breaks”

The “land-boom collapse of 1837″? We forgot all about that one.

One Response to “Now he tells us”

  1. Fred Says:

    A lot of us readers of history remember the land-boom collapse of 1837. It was similar to the great depression.

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