'This Is The Worst,' Alan Greenspan Says Of British Break From EU

[Purveyor]

Former Fed Chairman Alan Greenspan told CNBC on Friday the U.K. vote to leave the European Union ushers in a period that's even worse than the darkest days of October 1987.

Britons voted by 51.9 percent to quit the 28-country union, shocking markets that had priced in a win for the remain camp.

"This is the worst period, I recall since I've been in public service," Greenspan said on "Squawk on the Street."

"There's nothing like it, including the crisis — remember October 19th, 1987, when the Dow went down by a record amount 23 percent? That I thought was the bottom of all potential problems. This has a corrosive effect that will not go away."

more...

http://www.cnbc.com/2016/06/24/alan-greenspan-says-british-break-from-eu-is-just-the-tip-of-the-iceberg.html

[snooper2]

1. Whatever greenspan go away nobody listens to you anymore

[closeupready]

2. If he hates it, I like it.

[Trajan]

3. I think the outrage and concerns are overblown ...

The sky is not going to fall ...

[Buns_of_Fire]

4. If the Ayn Rand acolyte himself thinks it's a bad idea, it might be worth looking into.

It seems that if you listen to Alan Greenspan and/or Bill Kristol and then do the exact opposite, you're often not too far from the correct answer to the problem.

[LWolf]

5. That's not exactly a

persuading argument to support "stay."

Really, I haven't taken a position here. I can clearly see the argument from both sides, and haven't come down on one or the other at this point.

Greenspan, though...I trust his judgement? No.

[Wellstone ruled]

6. Watched that interview,

the Guy in failing Mentally,grasping for words and had a difficult time saying focused. Seems to me,he was the author or coauthor of of the 2007-2008 melt down. So far today,2 trillion dollar wealth transfer has occurred and more to come.

[Squinch]

7. That makes me feel better about it.