Indeed, better risk management may be the only truly necessary element of success in banking.
ALAN GREENSPANProductivity is notoriously difficult to predict.
More Alan Greenspan Quotes
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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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All taxes are a drag on economic growth. It’s only a question of degree.
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Such caution seems especially warranted with regard to the sharp rise in equity prices during the past two years. These gains have obviously raised questions of sustainability.
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Gold still represents the ultimate form of payment in the world.
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Given our inevitably incomplete knowledge about key structural aspects of our ever-changing economy and the sometimes asymmetric costs or benefits of particular outcomes, a central bank.
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I was a fairly good amateur musician, and I was an average professional. But the one thing I saw was that the big band business was fading.
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No one has ever eliminated any of that stuff.
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…our market system depends critically on trust-trust in the word of our colleagues and trust in the word of those with whom we do business.
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The use of a growing array of derivatives and the related application of more-sophisticated approaches to measuring and managing risk are key factors underpinning the greater resilience of our largest financial institutions…
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Skilled shortages in America exist because we are shielding our skilled labor force from world competition. [Visa quotas] have been substituted for the wage pricing mechanism.
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Anything that we can do to raise personal savings is very much in the interest of this country.
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In general, corruption tends to exist whenever governments have favors to extend, or something to sell.
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Institutions of the newer participants in global finance had not been tested, until recently…recent crisis have underscored certain financial structure vulnerabilities that are not readily assuaged in the short run.
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The gut-feel of the 55-year old trader is more important than the mathematical elegance of the 25-year old genius.
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The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War.
ALAN GREENSPAN