Alan Greenspan: the bull market is over

Alan Greenspan, the former chair of the Federal Reserve, is worried that the US is heading for a period of stagflation.

928_MW_P12_strategy_guru

Alan Greenspan, former chairman of the Federal Reserve
(Image credit: 2005 Getty Images)

The bull market is over, according to Alan Greenspan. The former chairman of the US central bank told CNN's Julia Chatterley that he would be very surprised to see the equity market "stabilise here, and then take off". And while he acknowledged further gains might well be possible in the short term, the eventual reckoning would be all the more painful. If stocks do go up, then "at the end of that run, run for cover".

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.