Greenspan on Bloomberg TV

  • Frets about deficits
  • Says US is working its way towards stagflation
  • We've got to confront the deficit
  • Entitlements are eating into gross domestic savings
  • I suspect a continued fall in the dollar could have an effect on prices
  • Productivity has been dead in the water for almost 10 years
  • I think there are two bubbles: A stock market bubble and a bond market bubble
  • Output per hour is the key determinant of living standards

What about the bitcoin bubble?