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Greenspan Warns: "We Have A Stock Market Bubble"

US equity markets stumbled notably as former Fed Chair Alan Greenspan told Bloomberg TV that "we have a stock market bubble." Greenspan stuck to his usual discussion topics of low productivity and fiscal doomsday inevitability... "Productivity has been dead in the water for the past 10 years... I've never believed in the Phillips Curve... Adding that "we've got to confront the budget deficit," concluding "we're dealing with a fiscally unstable long-term outlook.
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