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.
ALAN GREENSPANA 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.
More Alan Greenspan Quotes
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In general, corruption tends to exist whenever governments have favors to extend, or something to sell.
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But material success is possible in this world and far more satisfying when it comes without exploiting others.
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The recent period has been marked by a transformation to an economy that is more productive as competitive forces become increasingly intense and new technologies raise the efficiency of our businesses…
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Greenspan, who knew so much more than most, knew far less than most supposed.
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Since I’ve become a central banker, I’ve learned to mumble with great incoherence.
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Cash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.
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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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Recent episodes in which Fed officials hinted at a shift toward higher interest rates have unleashed significant volatility in markets.
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If prices go down, we will have problems – problems in the sense of spillover to other areas.
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An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions.
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Regulators have not been able to achieve the level of future clarity required to act pre-emptively.
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I’m a plain soap kind of guy.
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Corruption, embezzlement, fraud, these are all characteristics which exist everywhere.
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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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There is no safe store of value. Deficit spending is simply a scheme for the hidden confiscation of wealth.
ALAN GREENSPAN