Financial Times’ Gillian Tett Notes Greenspan’s Renewed Endorsement of Gold

Jon Economy, Fiscal Policies, Geopolitics, Gold, Market Commentary, Precious Metals

A decade ago, when Alan Greenspan was chairman of the mighty Federal Reserve, he was infamous for delivering ambiguous, Delphic speeches that nobody could understand. No longer. I recently had a chance to interview Greenspan, 88, at the Council on Foreign Relations, regarding an updated version of his latest book.
These days the retired Greenspan speaks so clearly that some of his words are still ricocheting around the blogosphere. For what he revealed on the CFR platform was that he harbours considerable doubts about whether recent Western monetary policy experiments have actually helped economic growth. He also fears that such experiments have been so wild that it will be very hard to exit from these policies in the future — in the U.S. or anywhere else — without sparking huge market volatility.

This post was published at Financial Times