There is no evidence that the business cycle has been repealed.
ALAN GREENSPANIf prices go down, we will have problems – problems in the sense of spillover to other areas.
More Alan Greenspan Quotes
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The companies could hire the educated workers they need. And those workers would compete with high-income people, driving more income equality.
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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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I’m not denying that monopolies are terrible things, but I am denying that it is readily easy to resolve them through legislation of that nature.
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How do we know when irrational exuberance has unduly escalated asset values?
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What we have found over the years in the marketplace is that derivatives have been an extraordinarily useful vehicle to transfer risk from those who shouldn’t be taking it to those who are willing to and are capable of doing so.
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By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.
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It signals problems with respect to currency markets. Central banks should pay attention to it.
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American and British authorities were also concerned about violence in an area that harbors a resource indispensable for the functioning of the word economy.
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As long as we issue fiat currency, I see no alternative to a legal tender law.
ALAN GREENSPAN -
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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I love to play tennis and golf, listen to music, watch baseball and root for the Redskins.
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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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Unfortunately, Senator, nobody knows where the next innovative idea is coming from.
ALAN GREENSPAN -
I do not deny that many appear to have succeeded in a material way by cutting corners and by manipulating associates, both in their professional and in their personal lives.
ALAN GREENSPAN -
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.
ALAN GREENSPAN