Many of those who purchased their residence more than a year ago have equity buffers in their homes adequate to withstand any price decline other than a very deep one.
ALAN GREENSPANI am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
More Alan Greenspan Quotes
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If we allow terrorism to undermine our freedom of action, we could reverse at least part of the palpable gains achieved by postwar globalization. It is incumbent upon us not to allow that to happen.
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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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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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You can’t have the capitalist system if an increasing number of people think it is unjust.
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Although the outlook is clouded by a number of uncertainties, the central tendencies of the projections .. imply continued good economic performance in the United States.
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Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets.
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Market financed withdrawals of home equity in recent years.
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If you get beyond the political rhetoric [and assembled a group to solve Social Security] it would take them 15 minutes. It would take them 15 minutes only because 10 minutes was used for pleasantries.
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Those of us who have looked to the self-interest of lending institutions to protect shareholders’ equity are in a state of shocked disbelief.
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And whatever their publicized angst over Saddam Hussein’s ‘weapons of mass destruction.
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Then fear hits, and it comes down very sharply. When I started to look at that.
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The worst have failed; investors no longer fund them and are not likely to in the future.
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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 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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There is no safe store of value. Deficit spending is simply a scheme for the hidden confiscation of wealth.
ALAN GREENSPAN






