Greenspan warns against his own creation

It's interesting to see the man who is responsible for creating asset price bubbles due to his easy money policies is now warning that they face correction.

Global economy faces asset price fall: Greenspan

"Former Federal Reserve Chairman Alan Greenspan warned on Wednesday a global glut in liquidity would result in a fall in asset prices."

"He said the market value of assets worldwide had been rising faster than nominal gross domestic product globally due to a decline in real long-term interest rates over the years and a significant fall in real equity premiums."

"He said asset prices would begin to fall, but did not predict when that would happen."

" "I am reasonably certain that what we are looking at today is an abnormal situation," he said."