1. At an awards dinner in Washington hours ago, Greenspan said a financial bubble may be developing in the U.S., led by the recent run-up in stock prices. 2. Bubbles have developed in stock prices and real estate. 3. Greenspan also expressed concern about signs a financial asset bubble may be developing in the U.S., led by the recent run-up in stock prices. 4. Japan obliged, despite signs that its economy was overheating and a financial bubble was developing. 5. The Fed chairman also expressed concern about signs a financial asset bubble may be developing in the U.S, led by the recent run-up in stock prices. |