And the percentage changes in wage rates would be the same for all job grades.
ALAN GREENSPANCredit-default swaps, I think, have serious problems associated with them.
More Alan Greenspan Quotes
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It signals problems with respect to currency markets. Central banks should pay attention to it.
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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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Political decisions are never random and will always lose out to innovative alternatives.
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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.
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Gold, unlike all other commodities, is a currency…and the major thrust in the demand for gold is not for jewelry.
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Need to consider not only the most likely future path for the economy but also the distribution of possible outcomes about that path.
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Recent episodes in which Fed officials hinted at a shift toward higher interest rates have unleashed significant volatility in markets.
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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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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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Gold still represents the ultimate form of payment in the world.
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Whatever you tax you get less of.
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They seem to sense… that gold and economic freedom are inseparable.
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Was sort of intellectually shocked. Contagion is the critical phenomenon which causes the thing to fall apart.
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Gold stands in the way of this insidious process. It stands as a protector of property rights.
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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