It signals problems with respect to currency markets. Central banks should pay attention to it.
ALAN GREENSPANIn the absence of the gold standard, there is no way to protect savings from confiscation through inflation.
More Alan Greenspan Quotes
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Then fear hits, and it comes down very sharply. When I started to look at that.
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No matter how skillful the trading scheme, over the long haul, abnormal returns are sustained only through abnormal exposure to risk.
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[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
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Without calling the overall national issue a bubble, it’s pretty clear that it’s an unsustainable underlying pattern.
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American and British authorities were also concerned about violence in an area that harbors a resource indispensable for the functioning of the word economy.
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I love to play tennis and golf, listen to music, watch baseball and root for the Redskins.
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I’m not denying that monopolies are terrible things, but I am denying that it is readily easy to resolve them through legislation of that nature.
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Unfortunately, Senator, nobody knows where the next innovative idea is coming from.
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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.
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It seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade.
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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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How do we know when irrational exuberance has unduly escalated asset values?
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Productivity is notoriously difficult to predict.
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Yet deregulation set the stage for an enormous wave of creative destruction in the 1980s.
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We as central bankers need not be concerned if a collapsing financial asset bubble does not threaten to impair the real economy, its production, jobs and price stability.
ALAN GREENSPAN