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.
ALAN GREENSPANHistory has not dealt kindly with the aftermath of protracted periods of low risk premiums.
More Alan Greenspan Quotes
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Gold still represents the ultimate form of payment in the world.
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The number of mistakes I have made are just awesome. There is no number large enough to account for that.
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But rules cannot substitute for character.
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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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Well, you probably will always believe there should be laws against fraud, and I don’t think there is any need for a law against fraud.
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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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And the percentage changes in wage rates would be the same for all job grades.
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I think that real pressure is going to occur not by the initiation by the Federal Reserve, but by the markets themselves.
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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?
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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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We are in the midst of a once-in-a-century credit tsunami. Central banks and governments are being required to take unprecedented measures.
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[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
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Political decisions are never random and will always lose out to innovative alternatives.
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The arts develop skills and habits of mind that are important for workers in the new economy of ideas.
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I didn’t believe in absolutes, moral or otherwise. If I couldn’t prove a proposition with facts and figures, it was without merit.
ALAN GREENSPAN