History demonstrates that participants in financial markets are susceptible to waves of optimism.
ALAN GREENSPANWhile local economies may experience significant price imbalances, a national severe price distortion seems most unlikely in the United States, given its size and diversity.
More Alan Greenspan Quotes
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I’m always amazed that my wife can handle different subjects – one day politics, the next day foreign policy.
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American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.
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I don’t know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we’ve been talking about today or anything anybody else was talking about.
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I cannot conceive of a politically feasible solution to this problem which will overdo cutting the deficit, where overdoing means harming the economy. It might be technically possible, but it is not realistic.
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I love to play tennis and golf, listen to music, watch baseball and root for the Redskins.
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Any informed borrower is simply less vulnerable to fraud and abuse.
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Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth.
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The number one problem in today’s generation and economy is the lack of financial literacy.
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Enhances a person’s ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making
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The process of innovation is, of course, never ending.
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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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The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.
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And the percentage changes in wage rates would be the same for all job grades.
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The guiding purpose of the government regulator is to prevent rather than to create something.
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Market financed withdrawals of home equity in recent years.
ALAN GREENSPAN