Greenspan says a recession is likely, while Bernanke remains upbeat about Goldilocks.
Meanwhile, Ben Bernanke says inflation is falling. But the rising price of gold says inflation may actually be rising. Bond rates remain low however, and therefore disagree with gold.
So this is tricky business.
Who do you trust? Greenspan or Bernanke? Gold or bonds?
As for me, as long as marginal tax rates stay low, I think we’re going to be okay on the future economy.