Alan Greenspan Quotes, Fall Quotes, Looks Quotes

Fear and euphoria are dominant forces, and fear is many multiples the size of euphoria. Bubbles go up very slowly as euphoria builds. Then fear hits, and it comes down very sharply. When I started to look at that, I was sort of intellectually shocked. Contagion is the critical phenomenon which causes the thing to fall apart.

6 years ago

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Tags : Alan Greenspan Quotes , Fall Quotes , Looks Quotes

Remember what we're looking at. Gold is a currency. It is still, by all evidence, a premier currency, that no fiat currency, including the dollar, can match.

6 years ago

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Tags : Alan Greenspan Quotes , Gold Quotes , Dollars 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.

6 years ago

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Tags : Alan Greenspan Quotes , Gold Quotes , Derivatives Quotes

Now, I only play very occasionally, and in fact, more piano than clarinet or sax.

6 years ago

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Tags : Alan Greenspan Quotes , Play Quotes , Piano 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.

6 years ago

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Tags : Alan Greenspan Quotes , Gains Quotes , Action Quotes

It's a bubble. It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven't been able to do it. Maybe somebody else can.

6 years ago

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Tags : Alan Greenspan Quotes , Imagination Quotes , Able Quotes

If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine. It signals problems with respect to currency markets. Central banks should pay attention to it.

6 years ago

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Tags : Alan Greenspan Quotes , Moving Quotes , Together Quotes

But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?

6 years ago

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Tags : Alan Greenspan Quotes , Past Quotes , Japan Quotes

It is decidedly not true that "nice guys finish last," as that highly original American baseball philosopher, Leo Durocher, was alleged to have said.

6 years ago

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Tags : Alan Greenspan Quotes , Life Quotes , Success 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

I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits.

6 years ago

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Tags : Alan Greenspan Quotes , Realization Quotes , Starks Quotes

Crony capitalism is essentially a condition in which... public officials are giving favours to people in the private sector in payment of political favours.

6 years ago

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Tags : Alan Greenspan Quotes , Dark Quotes , Giving Quotes

We will have more crises and none of them will look like this because no two crises have anything in common except human nature.

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Tags : Alan Greenspan Quotes , Two Quotes , Looks Quotes

I was a fairly good amateur musician, and I was an average professional. But the one thing I saw was that the big band business was fading.

6 years ago

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Tags : Alan Greenspan Quotes , Average Quotes , Musician Quotes

Anyone willing to do what is required to become president of the United States is thereby barred from taking that office. I'm only half joking

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Tags : Alan Greenspan Quotes , Office Quotes , President Quotes

And whatever their publicized angst over Saddam Hussein's 'weapons of mass destruction,' American and British authorities were also concerned about violence in an area that harbors a resource indispensable for the functioning of the word economy. I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.

6 years ago

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Tags : Alan Greenspan Quotes , War Quotes , Mass Destruction Quotes

The probability of ten consecutive heads is 0.1 percent; thus, when you have millions of coin tossers, or investors, in the end there will be thousands of very successful practitioners of coin tossing, or stock picking.

6 years ago

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Tags : Alan Greenspan Quotes , Successful Quotes , Coins Quotes

People dont realize that we cannot forecast the future. What we can do is have probabilities of what causes what, but thats as far as we go. And Ive had a very successful career as a forecaster, starting in 1948 forward. The number of mistakes I have made are just awesome. There is no number large enough to account for that.

6 years ago

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Tags : Alan Greenspan Quotes , Mistake Quotes , Successful Quotes

The free lunch has still to be invented.

6 years ago

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Tags : Alan Greenspan Quotes , Lunch Quotes , Stills Quotes

...our market system depends critically on trust-trust in the word of our colleagues and trust in the word of those with whom we do business.

6 years ago

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Tags : Alan Greenspan Quotes , Trust Quotes , Business Quotes