Alan Greenspan Quotes, Business Quotes, Past 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

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

Anyone willing to do what is required to become president of the United States is thereby barred from taking that office. I'm only half joking

6 years ago

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Tags : Alan Greenspan Quotes , Office Quotes , President Quotes

While local economies may experience significant price imbalances, a national severe price distortion seems most unlikely in the United States, given its size and diversity.

6 years ago

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Tags : Alan Greenspan Quotes , Diversity Quotes , Imbalance 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

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

There is no evidence that the business cycle has been repealed.

6 years ago

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Tags : Alan Greenspan Quotes , Evidence Quotes , Has Beens 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

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

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

6 years ago

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Tags : Alan Greenspan Quotes , Dark Quotes , Giving 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.

6 years ago

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Tags : Alan Greenspan Quotes , Bells Quotes , May 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

The arts develop skills and habits of mind that are important for workers in the new economy of ideas.

6 years ago

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Tags : Alan Greenspan Quotes , Art Quotes , Skills 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.

6 years ago

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Tags : Alan Greenspan Quotes , Home Quotes , Years 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.

6 years ago

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Tags : Alan Greenspan Quotes , Gains Quotes , Action Quotes

The process of innovation is, of course, never ending.

6 years ago

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Tags : Alan Greenspan Quotes , Innovation Quotes , Process 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

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.

6 years ago

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Tags : Alan Greenspan Quotes , Clouds Quotes , Numbers Quotes

We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.

6 years ago

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Tags : Alan Greenspan Quotes , Guarantees Quotes , Investing Quotes

Improvements in lending practices driven by information technology have enabled lenders to reach out to households with previously unrecognized borrowing capacities.

6 years ago

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Tags : Alan Greenspan Quotes , Technology Quotes , Practice Quotes