Alan Greenspan Quotes, Past Quotes, Japan Quotes

Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets. We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past. 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?

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Tags : Alan Greenspan Quotes , Past Quotes , Japan Quotes

I love facts and figures. It's like following a detective story, piecing together what's going on in the economy.

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Tags : Alan Greenspan Quotes , Together Quotes , Stories Quotes

The arts develop skills and habits of mind that are important for workers in the new economy of ideas.

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Tags : Alan Greenspan Quotes , Art Quotes , Skills 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

I was a good amateur but only an average professional. I soon realized that there was a limit to how far I could rise in the music business, so I left the band and enrolled at New York University.

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Tags : Alan Greenspan Quotes , Success Quotes , New York 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

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

The need for values is inbred. Their content is not.

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Tags : Alan Greenspan Quotes , Needs Quotes , Inbreds 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.

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Tags : Alan Greenspan Quotes , Past Quotes , Years 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.

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Tags : Alan Greenspan Quotes , Successful Quotes , Stuff 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

Before I met Ayn Rand, I was a logical positivist, and accordingly, I didn't believe in absolutes, moral or otherwise. If I couldn't prove a proposition with facts and figures, it was without merit.

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Tags : Alan Greenspan Quotes , Believe Quotes , Facts Quotes

The free lunch has still to be invented.

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Tags : Alan Greenspan Quotes , Lunch Quotes , Stills Quotes

We may be in a rapidly evolving international financial system with all the bells and whistles of the so-called new economy. But the old-economy rules of prudence are as formidable as ever. We violate them at our own peril.

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Tags : Alan Greenspan Quotes , Bells Quotes , May Quotes

Although the outlook is clouded by a number of uncertainties, the central tendencies of the projections .. imply continued good economic performance in the United States.

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Tags : Alan Greenspan Quotes , Clouds Quotes , Numbers Quotes

In an economy that already has lost some momentum, one must remain alert to the possibility that greater caution and weakening asset values in financial markets could signal or precipitate an excessive softening in household and business spending.

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Tags : Alan Greenspan Quotes , Momentum Quotes , Financial 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

Anything that we can do to raise personal savings is very much in the interest of this country.

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Tags : Alan Greenspan Quotes , Country Quotes , Philosophy Quotes

Indeed, better risk management may be the only truly necessary element of success in banking.

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Tags : Alan Greenspan Quotes , Risk Quotes , Banking 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.

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Tags : Alan Greenspan Quotes , Imagination Quotes , Able Quotes