If I say something which you understand fully in this regard, I probably made a mistake.
ALAN GREENSPANExcessive optimism sows the seeds of its own reversal.
More Alan Greenspan Quotes
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There is no safe store of value. Deficit spending is simply a scheme for the hidden confiscation of wealth.
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I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
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The process of innovation is, of course, never ending.
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I’m a plain soap kind of guy.
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Improvements in lending practices driven by information technology have enabled lenders to reach out to households with previously unrecognized borrowing capacities.
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But material success is possible in this world and far more satisfying when it comes without exploiting others.
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History demonstrates that participants in financial markets are susceptible to waves of optimism.
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There are no easy choices. Easy choices are long gone.
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These days, even out of office, I still read economic reports.
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History cannot be reduced to a set of statistics and probabilities.
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I must say, I never expected to see the day where I would be talking about anything other than reducing the debt, I’m running into the tyranny of zero, which is where you can’t reduce (the debt) any more
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There’s an interesting question here because if the gold price broke in that context, the thermometer would not be just a measuring tool. It would basically affect the underlying psychology.
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If we allow terrorism to undermine our freedom of action, we could reverse at least part of the palpable gains achieved by postwar globalization. It is incumbent upon us not to allow that to happen.
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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.
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Everyone has one. You have to, to exist you need an ideology. The question is whether it is accurate or not.
ALAN GREENSPAN