Alan Greenspan Quotes, Past Quotes, Expansion Quotes

By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.

6 years ago

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Tags : Alan Greenspan Quotes , Past Quotes , Expansion 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

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Tags : Alan Greenspan Quotes , People Quotes , Abnormal Quotes

American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.

6 years ago

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Tags : Alan Greenspan Quotes , Alternatives Quotes , Benefits Quotes

When trust is lost, a nation's ability to transact business is palpably undermined.

6 years ago

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Tags : Alan Greenspan Quotes , Lost Quotes , Ability Quotes

It's a bubble. It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven't been able to do it. Maybe somebody else can.

6 years ago

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Tags : Alan Greenspan Quotes , Imagination Quotes , Able 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

Any informed borrower is simply less vulnerable to fraud and abuse.

6 years ago

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Tags : Alan Greenspan Quotes , Success Quotes , Money Quotes

It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations, enhances a person's ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making

6 years ago

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Tags : Alan Greenspan Quotes , Success Quotes , Business Quotes

In general, corruption tends to exist whenever governments have favors to extend, or something to sell.

6 years ago

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Tags : Alan Greenspan Quotes , Government Quotes , Favors 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

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

There is nothing to guarantee the superior judgment, knowledge, and integrity of an inspector or a bureaucrat-and the deadly consequences of entrusting him with arbitrary power are obvious.

6 years ago

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Tags : Alan Greenspan Quotes , Integrity Quotes , Arbitrary Quotes

Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets. We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past. But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?

6 years ago

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Tags : Alan Greenspan Quotes , Past Quotes , Japan 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

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

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Tags : Alan Greenspan Quotes , Ignorance Quotes

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

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Tags : Alan Greenspan Quotes , Needs Quotes , Inbreds Quotes

The free lunch has still to be invented.

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To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education - literacy, both verbal and numerical, and communication skills.

6 years ago

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Tags : Alan Greenspan Quotes , Success Quotes , Education 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

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