Alan Greenspan Quotes, People Quotes, Abnormal Quotes

This decade is strewn with examples of bright people who thought they built a better mousetrap that could consistently extract abnormal returns from the financial markets. Some succeed for a time. But while there may occasionally be mis-configurations among market prices that allow abnormal returns, they do not persist.

5 years ago

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Tags : Alan Greenspan Quotes , People Quotes , Abnormal Quotes

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

5 years ago

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Tags : Alan Greenspan Quotes , Misunderstood Quotes , Investing 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.

5 years ago

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Tags : Alan Greenspan Quotes , War Quotes , Mass Destruction 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

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

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Tags : Alan Greenspan Quotes , Ignorance Quotes

History has not dealt kindly with the aftermath of protracted periods of low risk premiums.

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Tags : Alan Greenspan Quotes , Risk Quotes , Aftermath Quotes

There are no easy choices. Easy choices are long gone.

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Tags : Alan Greenspan Quotes , Long Quotes , Choices 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

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.

5 years ago

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Tags : Alan Greenspan Quotes , Long Quotes , Debt 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.

5 years ago

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Tags : Alan Greenspan Quotes , Moving Quotes , Together Quotes

If I say something which you understand fully in this regard, I probably made a mistake.

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Tags : Alan Greenspan Quotes , Mistake Quotes , Made Quotes

I'm a better economist than I was a sax player.

5 years ago

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Tags : Alan Greenspan Quotes , Player 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.

5 years ago

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Tags : Alan Greenspan Quotes , Bells Quotes , May 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

When trust is lost, a nation's ability to transact business is palpably undermined.

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Tags : Alan Greenspan Quotes , Lost Quotes , Ability 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.

5 years ago

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Tags : Alan Greenspan Quotes , Issues Quotes , Interesting Quotes

I cannot conceive of a politically feasible solution to this problem which will overdo cutting the deficit, where overdoing means harming the economy. It might be technically possible, but it is not realistic.

5 years ago

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Tags : Alan Greenspan Quotes , Mean Quotes , Cutting 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

I have long argued that paying down the national debt is beneficial for the economy: it keeps interest rates lower than they otherwise would be and frees savings to finance increases in the capital stock, thereby boosting productivity and real incomes.

5 years ago

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Tags : Alan Greenspan Quotes , Real Quotes , Long Quotes

I believe that the general growth in large [financial] institutions have occurred in the context of an underlying structure of markets in which many of the larger risks are dramatically -- I should say, fully -- hedged.

5 years ago

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Tags : Alan Greenspan Quotes , Believe Quotes , Risk Quotes