I think that real pressure is going to occur not by the initiation by the Federal Reserve, but by the markets themselves.
ALAN GREENSPANIf I seem unduly clear to you, you must have misunderstood what I said.
More Alan Greenspan Quotes
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History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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Gold stands in the way of this insidious process. It stands as a protector of property rights.
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The number one problem in today’s generation and economy is the lack of financial literacy.
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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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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.
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It is decidedly not true that “nice guys finish last,” as that highly original American baseball philosopher, Leo Durocher, was alleged to have said.
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History demonstrates that participants in financial markets are susceptible to waves of optimism.
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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.
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History cannot be reduced to a set of statistics and probabilities.
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We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past.
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Such caution seems especially warranted with regard to the sharp rise in equity prices during the past two years. These gains have obviously raised questions of sustainability.
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Nor can private counterparties restrict supplies of gold, another commodity whose derivatives are often traded over-the-counter, where central banks stand ready to lease gold in increasing quantities should the price rise.
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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
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By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.
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Significantly opening up immigration to skilled workers solves two problems.
ALAN GREENSPAN