We will have more crises and none of them will look like this because no two crises have anything in common except human nature.
ALAN GREENSPANNo one has ever eliminated any of that stuff.
More Alan Greenspan Quotes
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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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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.
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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.
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Excessive optimism sows the seeds of its own reversal.
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But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?
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We ought to be opening up our borders to skilled labour from all parts of the world because [the state of the world is as follows: ].
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We may be in a rapidly evolving international financial system with all the bells and whistles of the so-called new economy. But the old-economy rules of prudence are as formidable as ever. We violate them at our own peril.
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If we are dealing with psychology, then the thermometers one uses to measure it have an effect.
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It signals problems with respect to currency markets. Central banks should pay attention to it.
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The increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.
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Senator, we are groping for understanding, the knowledge you assume I possess doesn’t exist’.
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Although the outlook is clouded by a number of uncertainties, the central tendencies of the projections .. imply continued good economic performance in the United States.
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In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.
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Recent episodes in which Fed officials hinted at a shift toward higher interest rates have unleashed significant volatility in markets.
ALAN GREENSPAN -
But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?
ALAN GREENSPAN