The economy is turning, and credit comes in with a lag, .. To the extent that a number of small firms are finding it difficult to get the credit they need at a price they can afford, that’s likely to change for the better.
ALAN GREENSPANThe recent evidence increasingly suggests that an economic expansion is already well under way, although an array of influences unique to this business cycle seems likely to moderate its speed.
More Alan Greenspan Quotes
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Whatever you tax you get less of.
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Credit-default swaps, I think, have serious problems associated with them.
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I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well.
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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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The gut-feel of the 55-year old trader is more important than the mathematical elegance of the 25-year old genius.
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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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Productivity is notoriously difficult to predict.
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Indeed, better risk management may be the only truly necessary element of success in banking.
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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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A 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.
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We will have more crises and none of them will look like this because no two crises have anything in common except human nature.
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And she always has so much fun doing it. We make a good team.
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Unfortunately, Senator, nobody knows where the next innovative idea is coming from.
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Corruption, embezzlement, fraud, these are all characteristics which exist everywhere.
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The recent evidence increasingly suggests that an economic expansion is already well under way, although an array of influences unique to this business cycle seems likely to moderate its speed.
ALAN GREENSPAN