History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
ALAN GREENSPANMarket financed withdrawals of home equity in recent years.
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 is decidedly not true that “nice guys finish last,” as that highly original American baseball philosopher, Leo Durocher, was alleged to have said.
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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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Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.
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The tub helps me relax, and it’s a great place to read.
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In the process we have created [a] privileged elite whose incomes are being supported at non-competitively high levels by immigration quotas on skilled professionals.
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The number of mistakes I have made are just awesome. There is no number large enough to account for that.
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History cannot be reduced to a set of statistics and probabilities.
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There’s an interesting question here because if the gold price broke in that context, the thermometer would not be just a measuring tool. It would basically affect the underlying psychology.
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Enhances a person’s ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making
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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’m a better economist than I was a sax player.
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Productivity is notoriously difficult to predict.
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Derivatives have permitted the unbundling of financial risks.
ALAN GREENSPAN