Alan Greenspan Quotes, Gold Quotes, World Quotes

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

5 years ago

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Tags : Alan Greenspan Quotes , Gold Quotes , World 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

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

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Tags : Alan Greenspan Quotes , Home Quotes , Years Quotes

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

5 years ago

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Tags : Alan Greenspan Quotes , Thinking Quotes , Numbers 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

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Tags : Alan Greenspan Quotes , Mistake Quotes , Successful 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

We as central bankers need not be concerned if a collapsing financial asset bubble does not threaten to impair the real economy, its production, jobs and price stability.

5 years ago

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Tags : Alan Greenspan Quotes , Jobs Quotes , Real Quotes

I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well.

5 years ago

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Tags : Alan Greenspan Quotes , Success Quotes , Honesty Quotes

I do not deny that many appear to have succeeded in a material way by cutting corners and by manipulating associates, both in their professional and in their personal lives. But material success is possible in this world and far more satisfying when it comes without exploiting others.

5 years ago

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Tags : Alan Greenspan Quotes , Life Quotes , Success Quotes

Crony capitalism is essentially a condition in which... public officials are giving favours to people in the private sector in payment of political favours.

5 years ago

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Tags : Alan Greenspan Quotes , Dark Quotes , Giving Quotes

The recent evidence increasingly suggests that an economic expansion is already well under way, although an array of influences unique to this business cycle seems likely to moderate its speed.

5 years ago

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Tags : Alan Greenspan Quotes , Unique Quotes , Expansion Quotes

Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.

5 years ago

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Tags : Alan Greenspan Quotes , Regulation Quotes , Derivatives 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

History demonstrates that participants in financial markets are susceptible to waves of optimism. Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.

5 years ago

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Tags : Alan Greenspan Quotes , Optimism Quotes , Imbalance 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.

5 years ago

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Tags : Alan Greenspan Quotes , Business Quotes , Years 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

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Tags : Alan Greenspan Quotes , Stress Quotes , Use Quotes

Any onset of increased investor caution elevates risk premiums and, as a consequence, lowers asset values and promotes the liquidation of the debt that supported higher asset prices, ... This is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums.

5 years ago

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Tags : Alan Greenspan Quotes , Risk Quotes , Aftermath 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

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Tags : Alan Greenspan Quotes , Clouds Quotes , Numbers Quotes

The number one problem in today's generation and economy is the lack of financial literacy.

5 years ago

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Tags : Alan Greenspan Quotes , Numbers Quotes , Generations Quotes