Alan Greenspan Quotes, Running Quotes, Financial 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

Message Copied

Tags : Alan Greenspan Quotes , Running Quotes , Financial Quotes

The free lunch has still to be invented.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Lunch Quotes , Stills Quotes

There is no evidence that the business cycle has been repealed.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Evidence Quotes , Has Beens 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

Message Copied

Tags : Alan Greenspan Quotes , Clouds Quotes , Numbers Quotes

Developing protectionism regarding trade and our reluctance to place fiscal policy on a more sustainable path are threatening what may well be our most valued policy asset: the increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Resilience Quotes , Fiscal Policy Quotes

The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Zero Quotes , United States Quotes

Whatever you tax you get less of.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Economics Quotes , Economy Quotes

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

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Player 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

Message Copied

Tags : Alan Greenspan Quotes , Home Quotes , Years Quotes

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

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Risk Quotes , Aftermath 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

Message Copied

Tags : Alan Greenspan Quotes , Wall Quotes , Government Quotes

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

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Regulation Quotes , Derivatives 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

Message Copied

Tags : Alan Greenspan Quotes , Diversity Quotes , Imbalance 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

Message Copied

Tags : Alan Greenspan Quotes , Believe Quotes , Risk 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.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Momentum Quotes , Financial Quotes

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

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , War Quotes , Oil Quotes

Capitalism is based on self-interest and self-esteem; it holds integrity and trustworthiness as cardinal virtues and makes them pay off in the marketplace, thus demanding that men survive by means of virtue, not vices. It is this superlatively moral system that the welfare statists propose to improve upon by means of preventative law, snooping bureaucrats, and the chronic goad of fear.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Integrity Quotes , Self Esteem Quotes

Since I've become a central banker, I've learned to mumble with great incoherence. If I seem unduly clear to you, you must have misunderstood what I said.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Misunderstood Quotes , Bankers Quotes

The use of a growing array of derivatives and the related application of more-sophisticated approaches to measuring and managing risk are key factors underpinning the greater resilience of our largest financial institutions... Derivatives have permitted the unbundling of financial risks.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Keys Quotes , Risk Quotes

This decade is strewn with examples of bright people who thought they built a better mousetrap that could consistently extract abnormal returns from the financial markets. Some succeed for a time. But while there may occasionally be mis-configurations among market prices that allow abnormal returns, they do not persist.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , People Quotes , Abnormal Quotes