I’m a better economist than I was a sax player.
ALAN GREENSPANWe can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past.
More Alan Greenspan Quotes
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If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine.
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In general, corruption tends to exist whenever governments have favors to extend, or something to sell.
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I’ve always argued that this country has benefited immensely from the fact that we draw people from all over the world.
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I’m always amazed that my wife can handle different subjects – one day politics, the next day foreign policy.
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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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I don’t know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we’ve been talking about today or anything anybody else was talking about.
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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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Many of those who purchased their residence more than a year ago have equity buffers in their homes adequate to withstand any price decline other than a very deep one.
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Productivity is notoriously difficult to predict.
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History demonstrates that participants in financial markets are susceptible to waves of optimism.
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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.
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The guiding purpose of the government regulator is to prevent rather than to create something.
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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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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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Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.
ALAN GREENSPAN