It signals problems with respect to currency markets. Central banks should pay attention to it.
ALAN GREENSPANI’m always amazed that my wife can handle different subjects – one day politics, the next day foreign policy.
More Alan Greenspan Quotes
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Cash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.
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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.
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I’m not denying that monopolies are terrible things, but I am denying that it is readily easy to resolve them through legislation of that nature.
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Before I met Ayn Rand, I was a logical positivist, and accordingly,
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The gut-feel of the 55-year old trader is more important than the mathematical elegance of the 25-year old genius.
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I was a good amateur but only an average professional. I soon realized that there was a limit to how far I could rise in the music business, so I left the band and enrolled at New York University.
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If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.
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Greenspan, who knew so much more than most, knew far less than most supposed.
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The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War.
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Yet deregulation set the stage for an enormous wave of creative destruction in the 1980s.
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The free lunch has still to be invented.
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No matter how skillful the trading scheme, over the long haul, abnormal returns are sustained only through abnormal exposure to risk.
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It seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade.
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If I say something which you understand fully in this regard, I probably made a mistake.
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Significantly opening up immigration to skilled workers solves two problems.
ALAN GREENSPAN






