Alan Greenspan Quotes, Clouds Quotes, Numbers 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.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Clouds Quotes , Numbers 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

Message Copied

Tags : Alan Greenspan Quotes , Long Quotes , Debt Quotes

Cash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Stress Quotes , Use Quotes

As long as we issue fiat currency, I see no alternative to a legal tender law.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Money Quotes , Law Quotes

If you get beyond the political rhetoric [and assembled a group to solve Social Security] it would take them 15 minutes. It would take them 15 minutes only because 10 minutes was used for pleasantries.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Political Quotes , Groups 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.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Fun Quotes , Team Quotes

A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority of homeowners have built up substantial equity in their homes despite large mortgage-market financed withdrawals of home equity in recent years.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Home Quotes , Years Quotes

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

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Player Quotes

Skilled shortages in America exist because we are shielding our skilled labor force from world competition. [Visa quotas] have been substituted for the wage pricing mechanism. In the process we have created [a] privileged elite whose incomes are being supported at non-competitively high levels by immigration quotas on skilled professionals. Eliminating such restrictions would reduce at least some of the income inequality.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , America Quotes , Labor Force 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.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Fall Quotes , Looks Quotes

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

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Cutting Quotes , Thinking Quotes

The only sustainable way to increase demand for vacant houses is to spur the formation of new households. Admitting more skilled immigrants, who tend to earn enough to buy homes, would accomplish that while paying other dividends to the U.S. economy.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Home Quotes , House 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.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Numbers Quotes , Needs Quotes

Well, you probably will always believe there should be laws against fraud, and I don't think there is any need for a law against fraud.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Believe Quotes , Thinking Quotes

These days, even out of office, I still read economic reports.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Office Quotes , Economic 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.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Mistake Quotes , Successful Quotes

Credit-default swaps, I think, have serious problems associated with them.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Thinking Quotes , Credit Quotes

It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations, enhances a person's ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Success Quotes , Business Quotes

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

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Want Quotes

I don't know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we've been talking about today or anything anybody else was talking about.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Talking Quotes , Today Quotes