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Recent episodes in which Fed officials hinted at a shift toward higher interest rates have unleashed significant volatility in markets.

Related Topics

Episode Higher Official Rate Recent Toward Unleash Volatility

Bagwalas

How do we know when irrational exuberance has unduly escalated asset values?
ALAN GREENSPAN

Escalate Exuberance Irrational Unduly
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.

ALAN GREENSPAN

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.
ALAN GREENSPAN

Animosity Between Descriptive E Even More Out Since Suspect Type
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.
ALAN GREENSPAN

Already Caution Economy Momentum Must Possibly Predictable
The recent period has been marked by a transformation to an economy that is more productive as competitive forces become increasingly intense and new technologies raise the efficiency of our businesses…

ALAN GREENSPAN

The recent period has been marked by a transformation to an economy that is more productive as competitive forces become increasingly intense and new technologies raise the efficiency of our businesses…
ALAN GREENSPAN

Competitive Economy Mark More Period Productive Recent Transformation
Political decisions are never random and will always lose out to innovative alternatives.

ALAN GREENSPAN

Political decisions are never random and will always lose out to innovative alternatives.
ALAN GREENSPAN

Innovative Political Random
It is decidedly not true that “nice guys finish last,” as that highly original American baseball philosopher, Leo Durocher, was alleged to have said.

ALAN GREENSPAN

It is decidedly not true that “nice guys finish last,” as that highly original American baseball philosopher, Leo Durocher, was alleged to have said.
ALAN GREENSPAN

Alleged Baseball Highly Original Philosopher
If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.
ALAN GREENSPAN

Antagonism Difficulty Grasp Statistic
Indeed, better risk management may be the only truly necessary element of success in banking.

ALAN GREENSPAN

Indeed, better risk management may be the only truly necessary element of success in banking.
ALAN GREENSPAN

Bank Indeed Only Truly
The tub helps me relax, and it’s a great place to read.

ALAN GREENSPAN

The tub helps me relax, and it’s a great place to read.
ALAN GREENSPAN

Read Tub
Productivity is notoriously difficult to predict.
ALAN GREENSPAN

Notorious Predict Productivity
I love facts and figures. It’s like following a detective story, piecing together what’s going on in the economy.

ALAN GREENSPAN

I love facts and figures. It’s like following a detective story, piecing together what’s going on in the economy.
ALAN GREENSPAN

Detective Economy Piece Together
The more flexible an economy, the greater its ability to self-correct in response to inevitable, often unanticipated, disturbances and thus to contain the size and consequences of cyclical imbalances.
ALAN GREENSPAN

Correct Economy Flexible Greater Inevitable More Self Unanticipated
History has not dealt kindly with the aftermath of protracted periods of low risk premiums.

ALAN GREENSPAN

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

Aftermath Dealt Period Premium Protracted
The only effective regulation lies in the propensity of customers to choose alternatives, of investors to move their funds elsewhere and of labour to acquire technical skills’.
ALAN GREENSPAN

Chosen Elsewhere Investor Propensity Technical
We need, in effect, to make the phantom ‘lock-boxes’ around the trust fund real.

ALAN GREENSPAN

We need, in effect, to make the phantom ‘lock-boxes’ around the trust fund real.
ALAN GREENSPAN

Box Fund Lock Make Phantom Real
History cannot be reduced to a set of statistics and probabilities.

ALAN GREENSPAN

History cannot be reduced to a set of statistics and probabilities.
ALAN GREENSPAN

Probability Reduce Set Statics

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