Alan Greenspan Quotes, Past Quotes, Expansion Quotes

By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.

5 years ago

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Tags : Alan Greenspan Quotes , Past Quotes , Expansion Quotes

The use of a growing array of derivatives and the related application of more-sophisticated approaches to measuring and managing risk are key factors underpinning the greater resilience of our largest financial institutions... Derivatives have permitted the unbundling of financial risks.

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Tags : Alan Greenspan Quotes , Keys Quotes , Risk Quotes

Even though some down payments are borrowed, it would take a large, and historically most unusual, fall in home prices to wipe out a significant part of home equity. Many of those who purchased their residence more than a year ago have equity buffers in their homes adequate to withstand any price decline other than a very deep one.

5 years ago

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Tags : Alan Greenspan Quotes , Fall Quotes , Home Quotes

If we are to remain preeminent in transforming knowledge into economic value, America's system of higher education must remain the world's leader in generating scientific and technological breakthrough, and in meeting the challenge to educate workers.

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Tags : Alan Greenspan Quotes , Teaching Quotes , Economic Value Quotes

The true measure of a career is to be able to be content, even proud, that you succeeded through your own endeavors without leaving a trail of casualties in your wake.

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Tags : Alan Greenspan Quotes , Happiness Quotes , Careers Quotes

Improvements in lending practices driven by information technology have enabled lenders to reach out to households with previously unrecognized borrowing capacities.

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Tags : Alan Greenspan Quotes , Technology Quotes , Practice Quotes

We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.

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Tags : Alan Greenspan Quotes , Guarantees Quotes , Investing Quotes

The economy is turning, and credit comes in with a lag, .. To the extent that a number of small firms are finding it difficult to get the credit they need at a price they can afford, that's likely to change for the better.

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Tags : Alan Greenspan Quotes , Numbers Quotes , Needs Quotes

It seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade. The worst have failed; investors no longer fund them and are not likely to in the future.

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Tags : Alan Greenspan Quotes , Business Quotes , Past Quotes

I have one other issue I'd like to throw on the table. I hesitate to do it, but let me tell you some of the issues that are involved here. If we are dealing with psychology, then the thermometers one uses to measure it have an effect. I was raising the question on the side with Governor Mullins of what would happen if the Treasury sold a little gold in this market. There's an interesting question here because if the gold price broke in that context, the thermometer would not be just a measuring tool. It would basically affect the underlying psychology.

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Tags : Alan Greenspan Quotes , Issues Quotes , Interesting 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.

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Tags : Alan Greenspan Quotes , Dark Quotes , Giving Quotes

We as central bankers need not be concerned if a collapsing financial asset bubble does not threaten to impair the real economy, its production, jobs and price stability.

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Tags : Alan Greenspan Quotes , Jobs Quotes , Real Quotes

I made a mistake in presuming that the self-interests of organisations, specifically banks and others, were such that they were best capable of protecting their own shareholders and their equity in the firms.

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Tags : Alan Greenspan Quotes , Mistake Quotes , Self Quotes

But rules cannot substitute for character.

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Tags : Alan Greenspan Quotes , Character 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.

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Tags : Alan Greenspan Quotes , Jobs Quotes , Skills 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.

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Tags : Alan Greenspan Quotes , Average Quotes , Musician 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.

5 years ago

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Tags : Alan Greenspan Quotes , Imagination Quotes , Able Quotes

Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.

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Tags : Alan Greenspan Quotes , Cutting Quotes , Thinking Quotes

In general, corruption tends to exist whenever governments have favors to extend, or something to sell.

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Tags : Alan Greenspan Quotes , Government Quotes , Favors Quotes

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

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Tags : Alan Greenspan Quotes , Years Quotes , Important Quotes