Alan Greenspan Quotes, Business Quotes, Years 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

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

6 years ago

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Tags : Alan Greenspan Quotes , Player Quotes

I've been in and out of Wall Street since 1949, and I've never seen the type of animosity between government and Wall Street. And I'm not sure where it comes from, but I suspect it's got to do with a general schism in this society which is really becoming ever more destructive.

6 years ago

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Tags : Alan Greenspan Quotes , Wall Quotes , Government 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

Nor can private counterparties restrict supplies of gold, another commodity whose derivatives are often traded over-the-counter, where central banks stand ready to lease gold in increasing quantities should the price rise.

6 years ago

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Tags : Alan Greenspan Quotes , Gold Quotes , Derivatives Quotes

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

6 years ago

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Tags : Alan Greenspan Quotes , Regulation Quotes , Derivatives Quotes

I must say, I never expected to see the day where I would be talking about anything other than reducing the debt, I'm running into the tyranny of zero, which is where you can't reduce (the debt) any more

6 years ago

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Tags : Alan Greenspan Quotes , Running Quotes , Zero Quotes

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

6 years ago

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Tags : Alan Greenspan Quotes , Stress Quotes , Use Quotes

I don't think it's possible for the Fed to end its easy-money policies in a trouble-free manner. Recent episodes in which Fed officials hinted at a shift toward higher interest rates have unleashed significant volatility in markets, so there is no reason to suspect that the actual process of boosting rates would be any different. I think that real pressure is going to occur not by the initiation by the Federal Reserve, but by the markets themselves.

6 years ago

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Tags : Alan Greenspan Quotes , Real Quotes , Thinking 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.

6 years ago

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Tags : Alan Greenspan Quotes , Optimism Quotes , Imbalance Quotes

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

6 years ago

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Tags : Alan Greenspan Quotes , Numbers Quotes , Generations 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.

6 years ago

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Tags : Alan Greenspan Quotes , Numbers Quotes , Needs 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

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

Now, I only play very occasionally, and in fact, more piano than clarinet or sax.

6 years ago

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Tags : Alan Greenspan Quotes , Play Quotes , Piano 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.

6 years ago

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Tags : Alan Greenspan Quotes , Jobs Quotes , Real Quotes

I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.

6 years ago

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Tags : Alan Greenspan Quotes , War Quotes , Oil 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

...our market system depends critically on trust-trust in the word of our colleagues and trust in the word of those with whom we do business.

6 years ago

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Tags : Alan Greenspan Quotes , Trust Quotes , Business 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