Remember what we’re looking at. Gold is a currency. It is still, by all evidence, a premier currency, that no fiat currency, including the dollar, can match.
ALAN GREENSPANIt is decidedly not true that “nice guys finish last,” as that highly original American baseball philosopher, Leo Durocher, was alleged to have said.
More Alan Greenspan Quotes
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Some succeed for a time. But while there may occasionally be mis-configurations among market prices that allow abnormal returns, they do not persist.
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The recent period has been marked by a transformation to an economy that is more productive as competitive forces become increasingly intense and new technologies raise the efficiency of our businesses…
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The process of innovation is, of course, never ending.
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The Iraq War is largely about oil.
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A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority of homeowners have built up substantial equity in their homes despite large mortgage.
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How do we know when irrational exuberance has unduly escalated asset values?
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It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum.
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Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.
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The only effective regulation lies in the propensity of customers to choose alternatives, of investors to move their funds elsewhere and of labour to acquire technical skills’.
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Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.
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Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.
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It signals problems with respect to currency markets. Central banks should pay attention to it.
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If I say something which you understand fully in this regard, I probably made a mistake.
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It seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade.
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I love to play tennis and golf, listen to music, watch baseball and root for the Redskins.
ALAN GREENSPAN






