Alan Greenspan Quotes, Realization Quotes, Starks 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

I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said.

6 years ago

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Tags : Alan Greenspan Quotes , Misunderstood Quotes , Investing Quotes

There is no evidence that the business cycle has been repealed.

6 years ago

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Tags : Alan Greenspan Quotes , Evidence Quotes , Has Beens 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.

6 years ago

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Tags : Alan Greenspan Quotes , Fun Quotes , Team 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

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.

6 years ago

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Tags : Alan Greenspan Quotes , Real Quotes , Thinking Quotes

Gold still represents the ultimate form of payment in the world. Fiat money in extremis is accepted by nobody. Gold is always accepted.

6 years ago

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Tags : Alan Greenspan Quotes , Gold Quotes , World Quotes

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

6 years ago

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Tags : Alan Greenspan Quotes , Want Quotes

[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.

6 years ago

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Tags : Alan Greenspan Quotes , Principles Quotes , Republican 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.

6 years ago

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Tags : Alan Greenspan Quotes , Self Quotes , Size Quotes

We are in the midst of a once-in-a-century credit tsunami. Central banks and governments are being required to take unprecedented measures. Those of us who have looked to the self-interest of lending institutions to protect shareholders' equity are in a state of shocked disbelief.

6 years ago

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Tags : Alan Greenspan Quotes , Government Quotes , Self 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

The gut-feel of the 55-year old trader is more important than the mathematical elegance of the 25-year old genius.

6 years ago

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Tags : Alan Greenspan Quotes , Years Quotes , Important Quotes

The process of innovation is, of course, never ending.

6 years ago

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Tags : Alan Greenspan Quotes , Innovation Quotes , Process Quotes

Revolutions are something you see only in retrospect.

6 years ago

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Tags : Alan Greenspan Quotes , Retrospect 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

The recent evidence increasingly suggests that an economic expansion is already well under way, although an array of influences unique to this business cycle seems likely to moderate its speed.

6 years ago

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Tags : Alan Greenspan Quotes , Unique Quotes , Expansion Quotes

Excessive optimism sows the seeds of its own reversal.

6 years ago

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Tags : Alan Greenspan Quotes , Optimism Quotes , Reversal Quotes

The free lunch has still to be invented.

6 years ago

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Tags : Alan Greenspan Quotes , Lunch Quotes , Stills 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