It signals problems with respect to currency markets. Central banks should pay attention to it.
ALAN GREENSPANThe only sustainable way to increase demand for vacant houses is to spur the formation of new households. Admitting more skilled immigrants, who tend to earn enough to buy homes, would accomplish that while paying other dividends to the U.S. economy.
More Alan Greenspan Quotes
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Indeed, better risk management may be the only truly necessary element of success in banking.
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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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If you think you understand what I am saying you do not understand what I am saying.
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When trust is lost, a nation’s ability to transact business is palpably undermined.
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Capitalism is based on self-interest and self-esteem; it holds integrity and trustworthiness as cardinal virtues and makes them pay off in the marketplace, thus demanding that men survive by means of virtue, not vices.
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Then fear hits, and it comes down very sharply. When I started to look at that.
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And whatever their publicized angst over Saddam Hussein’s ‘weapons of mass destruction.
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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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If we are to remain preeminent in transforming knowledge into economic value, America’s system of higher education must remain the world’s leader in generating scientific and technological breakthrough, and in meeting the challenge to educate workers.
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The recent evidence increasingly suggests that an economic expansion is already well under way, although an array of influences unique to this business cycle seems likely to moderate its speed.
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Since I’ve become a central banker, I’ve learned to mumble with great incoherence.
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The worst have failed; investors no longer fund them and are not likely to in the future.
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The increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.
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Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.
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If we allow terrorism to undermine our freedom of action, we could reverse at least part of the palpable gains achieved by postwar globalization. It is incumbent upon us not to allow that to happen.
ALAN GREENSPAN