To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education – literacy, both verbal and numerical, and communication skills.
ALAN GREENSPANAnd she always has so much fun doing it. We make a good team.
More Alan Greenspan Quotes
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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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The very nature of finance is that it cannot be profitable unless it is significantly leveraged… and as long as there is debt, there can be failure and contagion.
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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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Cash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.
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If I say something which you understand fully in this regard, I probably made a mistake.
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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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History demonstrates that participants in financial markets are susceptible to waves of optimism.
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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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The increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.
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It signals problems with respect to currency markets. Central banks should pay attention to it.
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The Iraq War is largely about oil.
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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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How do we know when irrational exuberance has unduly escalated asset values?
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I was raising the question on the side with Governor Mullins of what would happen if the Treasury sold a little gold in this market.
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Enhances a person’s ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making
ALAN GREENSPAN