History demonstrates that participants in financial markets are susceptible to waves of optimism.
ALAN GREENSPANUnfortunately, Senator, nobody knows where the next innovative idea is coming from.
More Alan Greenspan Quotes
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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.
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Some succeed for a time. But while there may occasionally be mis-configurations among market prices that allow abnormal returns, they do not persist.
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I love facts and figures. It’s like following a detective story, piecing together what’s going on in the economy.
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Rules cannot take the place of character.
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When trust is lost, a nation’s ability to transact business is palpably undermined.
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I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
ALAN GREENSPAN -
I love to play tennis and golf, listen to music, watch baseball and root for the Redskins.
ALAN GREENSPAN -
We may be in a rapidly evolving international financial system with all the bells and whistles of the so-called new economy. But the old-economy rules of prudence are as formidable as ever. We violate them at our own peril.
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Derivatives have permitted the unbundling of financial risks.
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History cannot be reduced to a set of statistics and probabilities.
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It is this superlatively moral system that the welfare statists propose to improve upon by means of preventative law, snooping bureaucrats, and the chronic goad of fear.
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I’m a plain soap kind of guy.
ALAN GREENSPAN -
By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.
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Well, you probably will always believe there should be laws against fraud, and I don’t think there is any need for a law against fraud.
ALAN GREENSPAN -
If we are dealing with psychology, then the thermometers one uses to measure it have an effect.
ALAN GREENSPAN