Revolutions are something you see only in retrospect.
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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People dont realize that we cannot forecast the future. What we can do is have probabilities of what causes what, but thats as far as we go. And Ive had a very successful career as a forecaster, starting in 1948 forward.
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I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits.
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Institutions of the newer participants in global finance had not been tested, until recently…recent crisis have underscored certain financial structure vulnerabilities that are not readily assuaged in the short run.
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I was raising the question on the side with Governor Mullins of what would happen if the Treasury sold a little gold in this market.
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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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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.
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How do we know when irrational exuberance has unduly escalated asset values?
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The tub helps me relax, and it’s a great place to read.
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The guiding purpose of the government regulator is to prevent rather than to create something.
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Gold still represents the ultimate form of payment in the world.
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I was a good amateur but only an average professional. I soon realized that there was a limit to how far I could rise in the music business, so I left the band and enrolled at New York University.
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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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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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Even though some down payments are borrowed, it would take a large, and historically most unusual, fall in home prices to wipe out a significant part of home equity.
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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.
ALAN GREENSPAN