Alan Greenspan Quotes, Optimism Quotes, Imbalance Quotes

History demonstrates that participants in financial markets are susceptible to waves of optimism. Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.

5 years ago

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Tags : Alan Greenspan Quotes , Optimism Quotes , Imbalance Quotes

The more flexible an economy, the greater its ability to self-correct in response to inevitable, often unanticipated, disturbances and thus to contain the size and consequences of cyclical imbalances.

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Tags : Alan Greenspan Quotes , Self Quotes , Size Quotes

To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education - literacy, both verbal and numerical, and communication skills.

5 years ago

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Tags : Alan Greenspan Quotes , Success Quotes , Education Quotes

If we allow terrorism to undermine our freedom of action, we could reverse at least part of the palpable gains achieved by postwar globalization. It is incumbent upon us not to allow that to happen.

5 years ago

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Tags : Alan Greenspan Quotes , Gains Quotes , Action Quotes

American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.

5 years ago

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Tags : Alan Greenspan Quotes , Alternatives Quotes , Benefits Quotes

The tub helps me relax, and it's a great place to read.

5 years ago

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Tags : Alan Greenspan Quotes , Relax Quotes , Tubs Quotes

I don't think it's possible for the Fed to end its easy-money policies in a trouble-free manner. Recent episodes in which Fed officials hinted at a shift toward higher interest rates have unleashed significant volatility in markets, so there is no reason to suspect that the actual process of boosting rates would be any different. I think that real pressure is going to occur not by the initiation by the Federal Reserve, but by the markets themselves.

5 years ago

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Tags : Alan Greenspan Quotes , Real Quotes , Thinking Quotes

Greenspan, who knew so much more than most, knew far less than most supposed.

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Tags : Alan Greenspan Quotes , Ignorance Quotes

Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.

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Tags : Alan Greenspan Quotes , Regulation Quotes , Derivatives Quotes

Significantly opening up immigration to skilled workers solves two problems. The companies could hire the educated workers they need. And those workers would compete with high-income people, driving more income equality.

5 years ago

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Tags : Alan Greenspan Quotes , Two Quotes , Opening Up Quotes

I don't know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we've been talking about today or anything anybody else was talking about.

5 years ago

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Tags : Alan Greenspan Quotes , Talking Quotes , Today Quotes

I'm always amazed that my wife can handle different subjects - one day politics, the next day foreign policy. And she always has so much fun doing it. We make a good team.

5 years ago

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Tags : Alan Greenspan Quotes , Fun Quotes , Team Quotes

Corruption, embezzlement, fraud, these are all characteristics which exist everywhere. It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum. No one has ever eliminated any of that stuff.

5 years ago

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Tags : Alan Greenspan Quotes , Successful Quotes , Stuff Quotes

At the risk of some oversimplification, if the skill composition of our work force meshed fully with the needs of our increasingly complex capital-stock, wage-skill differentials would be stable, and the percentage changes in wage rates would be the same for all job grades.

5 years ago

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Tags : Alan Greenspan Quotes , Jobs Quotes , Skills Quotes

We cannot rule out a situation in which a preemptive policy tightening becomes necessary, ... Such caution seems especially warranted with regard to the sharp rise in equity prices during the past two years. These gains have obviously raised questions of sustainability.

5 years ago

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Tags : Alan Greenspan Quotes , Past Quotes , Years Quotes

Deficit spending is simply a scheme for the 'hidden' confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.

5 years ago

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Tags : Alan Greenspan Quotes , Money Quotes , Rights Quotes

Senator, we are groping for understanding, the knowledge you assume I possess doesn't exist' - 'The only effective regulation lies in the propensity of customers to choose alternatives, of investors to move their funds elsewhere and of labour to acquire technical skills' - 'Senator, if I seem clear to you, you must have misunderstood me' - 'Unfortunately, Senator, nobody knows where the next innovative idea is coming from. Political decisions are never random and will always lose out to innovative alternatives

5 years ago

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Tags : Alan Greenspan Quotes , Lying Quotes , Moving Quotes

The very nature of finance is that it cannot be profitable unless it is significantly leveraged... and as long as there is debt, there can be failure and contagion.

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Tags : Alan Greenspan Quotes , Long Quotes , Debt Quotes

Amateurs want to be right. Professionals want to make money.

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Tags : Alan Greenspan Quotes , Want Quotes

Nor can private counterparties restrict supplies of gold, another commodity whose derivatives are often traded over-the-counter, where central banks stand ready to lease gold in increasing quantities should the price rise.

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Tags : Alan Greenspan Quotes , Gold Quotes , Derivatives Quotes