The number one problem in today’s generation and economy is the lack of financial literacy.
ALAN GREENSPANImprovements in lending practices driven by information technology have enabled lenders to reach out to households with previously unrecognized borrowing capacities.
More Alan Greenspan Quotes
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Yet deregulation set the stage for an enormous wave of creative destruction in the 1980s.
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Many of those who purchased their residence more than a year ago have equity buffers in their homes adequate to withstand any price decline other than a very deep one.
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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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If we were to do that we would increase the supply of skilled workers that our schools have been unable to create and as a consequence of that we would lower the average wage of skills and reduce the degree of income inequality in this country.
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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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I love to play tennis and golf, listen to music, watch baseball and root for the Redskins.
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In an economy that already has lost some momentum, one must remain alert to the possibility that greater caution and weakening asset values in financial markets could signal or precipitate an excessive softening in household and business spending.
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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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Credit-default swaps, I think, have serious problems associated with them.
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If I seem unduly clear to you, you must have misunderstood what I said.
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The probability of ten consecutive heads is 0.1 percent; thus, when you have millions of coin tossers, or investors, in the end there will be thousands of very successful practitioners of coin tossing, or stock picking.
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These days, even out of office, I still read economic reports.
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Gold, unlike all other commodities, is a currency…and the major thrust in the demand for gold is not for jewelry.
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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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The process of innovation is, of course, never ending.
ALAN GREENSPAN