Alan Greenspan Quotes, Fall Quotes, Home 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.

6 years ago

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Tags : Alan Greenspan Quotes , Fall Quotes , Home 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.

6 years ago

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Tags : Alan Greenspan Quotes , Running Quotes , Financial Quotes

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

6 years ago

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Tags : Alan Greenspan Quotes , Thinking Quotes , Economist 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.

6 years ago

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Tags : Alan Greenspan Quotes , Business Quotes , Past 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.

6 years ago

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Tags : Alan Greenspan Quotes , Fun Quotes , Team Quotes

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

6 years ago

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Tags : Alan Greenspan Quotes , Misunderstood Quotes , Investing Quotes

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

6 years ago

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Tags : Alan Greenspan Quotes , Ignorance Quotes

No matter how skillful the trading scheme, over the long haul, abnormal returns are sustained only through abnormal exposure to risk.

6 years ago

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Tags : Alan Greenspan Quotes , Long Quotes , Risk 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.

6 years ago

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Tags : Alan Greenspan Quotes , Believe Quotes , Risk Quotes

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

6 years ago

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Tags : Alan Greenspan Quotes , Needs Quotes , Inbreds Quotes

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

6 years ago

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Tags : Alan Greenspan Quotes , Risk Quotes , Aftermath 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.

6 years ago

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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.

6 years ago

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Tags : Alan Greenspan Quotes , Successful Quotes , Stuff Quotes

Gold still represents the ultimate form of payment in the world. Fiat money in extremis is accepted by nobody. Gold is always accepted.

6 years ago

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Tags : Alan Greenspan Quotes , Gold Quotes , World 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.

6 years ago

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Tags : Alan Greenspan Quotes , Mistake Quotes , Self Quotes

How do we know when irrational exuberance has unduly escalated asset values?

6 years ago

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Tags : Alan Greenspan Quotes , Memorable Quotes , Assets Quotes

What we have found over the years in the marketplace is that derivatives have been an extraordinarily useful vehicle to transfer risk from those who shouldn't be taking it to those who are willing to and are capable of doing so.

6 years ago

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Tags : Alan Greenspan Quotes , Business Quotes , Years Quotes

You can't have the capitalist system if an increasing number of people think it is unjust.

6 years ago

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Tags : Alan Greenspan Quotes , Thinking Quotes , Numbers Quotes

Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.

6 years ago

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Tags : Alan Greenspan Quotes , Jobs Quotes , Philosophy Quotes

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

6 years ago

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Tags : Alan Greenspan Quotes , Player Quotes