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.
ALAN GREENSPANIf you get beyond the political rhetoric [and assembled a group to solve Social Security] it would take them 15 minutes. It would take them 15 minutes only because 10 minutes was used for pleasantries.
More Alan Greenspan Quotes
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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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To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education – literacy, both verbal and numerical, and communication skills.
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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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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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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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Then fear hits, and it comes down very sharply. When I started to look at that.
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We need, in effect, to make the phantom ‘lock-boxes’ around the trust fund real.
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Now, I only play very occasionally, and in fact, more piano than clarinet or sax.
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It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations.
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History demonstrates that participants in financial markets are susceptible to waves of optimism.
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Greenspan, who knew so much more than most, knew far less than most supposed.
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What we have found over the years in the marketplace is that derivatives have been an extraordinarily useful vehicle to transfer risk from those who shouldn’t be taking it to those who are willing to and are capable of doing so.
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Need to consider not only the most likely future path for the economy but also the distribution of possible outcomes about that path.
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Crony capitalism is essentially a condition in which… public officials are giving favours to people in the private sector in payment of political favours.
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The problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so…
ALAN GREENSPAN