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 GREENSPANUnfortunately, Senator, nobody knows where the next innovative idea is coming from.
More Alan Greenspan Quotes
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The worst have failed; investors no longer fund them and are not likely to in the future.
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The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.
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Everyone has one. You have to, to exist you need an ideology. The question is whether it is accurate or not.
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The number one problem in today’s generation and economy is the lack of financial literacy.
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I’m a better economist than I was a sax player.
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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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Senator, if I seem clear to you, you must have misunderstood me’.
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This is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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Credit-default swaps, I think, have serious problems associated with them.
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Regulators have not been able to achieve the level of future clarity required to act pre-emptively.
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History cannot be reduced to a set of statistics and probabilities.
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While local economies may experience significant price imbalances, a national severe price distortion seems most unlikely in the United States, given its size and diversity.
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If prices go down, we will have problems – problems in the sense of spillover to other areas.
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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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If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine.
ALAN GREENSPAN






