Alan Greenspan made a shocking statement on the Daily Show:
“We really can’t forecast all that well. We pretend that we can but we can’t. And markets do really weird things sometimes because they react to the way people behave, and sometimes people are a little screwy.”
– Alan Greenspan, speaking this week on “The Daily Show”
Coming from the previous Fed chairman who ushered in a new era of Fed policy, eventually to lead to today’s QE program, this is a significant statement.
