The use of a growing array of derivatives and the related application of more-sophisticated approaches to measuring and managing risk are key factors underpinning the greater resilience of our largest financial institutions…
ALAN GREENSPANI must say, I never expected to see the day where I would be talking about anything other than reducing the debt, I’m running into the tyranny of zero, which is where you can’t reduce (the debt) any more
More Alan Greenspan Quotes
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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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Significantly opening up immigration to skilled workers solves two problems.
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Rules cannot take the place of character.
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Gold stands in the way of this insidious process. It stands as a protector of property rights.
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Productivity is notoriously difficult to predict.
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You can’t have the capitalist system if an increasing number of people think it is unjust.
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I didn’t believe in absolutes, moral or otherwise. If I couldn’t prove a proposition with facts and figures, it was without merit.
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Developing protectionism regarding trade and our reluctance to place fiscal policy on a more sustainable path are threatening what may well be our most valued policy asset.
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Was sort of intellectually shocked. Contagion is the critical phenomenon which causes the thing to fall apart.
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There are no easy choices. Easy choices are long gone.
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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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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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I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
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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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It signals problems with respect to currency markets. Central banks should pay attention to it.
ALAN GREENSPAN






