Alan Greenspan Quotes, Optimism Quotes, Reversal Quotes

Excessive optimism sows the seeds of its own reversal.

5 years ago

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Tags : Alan Greenspan Quotes , Optimism Quotes , Reversal 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.

5 years ago

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Tags : Alan Greenspan Quotes , Mistake Quotes , Self Quotes

Institutions of the newer participants in global finance had not been tested, until recently...recent crisis have underscored certain financial structure vulnerabilities that are not readily assuaged in the short run.

5 years ago

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Tags : Alan Greenspan Quotes , Running Quotes , Financial Quotes

If we allow terrorism to undermine our freedom of action, we could reverse at least part of the palpable gains achieved by postwar globalization. It is incumbent upon us not to allow that to happen.

5 years ago

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Tags : Alan Greenspan Quotes , Gains Quotes , Action Quotes

An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense... that gold and economic freedom are inseparable.

5 years ago

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Tags : Alan Greenspan Quotes , Freedom Quotes , Issues 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.

5 years ago

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Tags : Alan Greenspan Quotes , Past Quotes , Years Quotes

Regulators have not been able to achieve the level of future clarity required to act pre-emptively. The problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so...

5 years ago

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Tags : Alan Greenspan Quotes , Ignorance Quotes , Reality Quotes

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

5 years ago

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Tags : Alan Greenspan Quotes , Long Quotes , Choices Quotes

The guiding purpose of the government regulator is to prevent rather than to create something.

5 years ago

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Tags : Alan Greenspan Quotes , Government Quotes , Purpose 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

There is no evidence that the business cycle has been repealed.

5 years ago

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

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 , Oil 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

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Tags : Alan Greenspan Quotes , Fall Quotes , Looks Quotes

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

5 years ago

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Tags : Alan Greenspan Quotes , Ignorance Quotes

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

5 years ago

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Tags : Alan Greenspan Quotes , Risk Quotes , Banking 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.

5 years ago

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Tags : Alan Greenspan Quotes , Momentum Quotes , Financial Quotes

If you think you understand what I am saying you do not understand what I am saying.

5 years ago

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Tags : Alan Greenspan Quotes , Thinking Quotes , Economist Quotes

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

5 years ago

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Tags : Alan Greenspan Quotes , Lost Quotes , Ability 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

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Tags : Alan Greenspan Quotes , Talking Quotes , Today Quotes

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

5 years ago

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Tags : Alan Greenspan Quotes , Want Quotes