Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets.
ALAN GREENSPAN[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
More Alan Greenspan Quotes
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We cannot rule out a situation in which a preemptive policy tightening becomes necessary.
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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…
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There are no easy choices. Easy choices are long gone.
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Revolutions are something you see only in retrospect.
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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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Market financed withdrawals of home equity in recent years.
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Senator, if I seem clear to you, you must have misunderstood me’.
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An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions.
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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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Greenspan, who knew so much more than most, knew far less than most supposed.
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It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum.
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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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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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What an ideology is is a conceptual framework with the way people deal with reality.
ALAN GREENSPAN