Forget 'irrational exuberance', forget 'deregulation of derivatives', Big Al is back and this time he seems to have forgotten any- and every-thing we has ever said. It was only a year ago that Greenspan told CNBC "I am ill-aware of anything that really worked. Not only QE2 but QE1" and yet today the mumbling-'maestro' pronounces, via Bloomberg:
*GREENSPAN SAYS EQUITY STIMULUS IS HELPING TO DRIVE ECONOMY
*GREENSPAN SAYS EQUITY STIMULUS IS UNDERESTIMATED
*GREENSPAN SAYS EQUITY IS COLLATERAL
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