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.
ALAN GREENSPANSome succeed for a time. But while there may occasionally be mis-configurations among market prices that allow abnormal returns, they do not persist.
More Alan Greenspan Quotes
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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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[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
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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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Senator, we are groping for understanding, the knowledge you assume I possess doesn’t exist’.
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I believe that the general growth in large [financial] institutions have occurred in the context of an underlying structure of markets in which many of the larger risks are dramatically — I should say, fully — hedged.
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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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It’s a bubble. It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven’t been able to do it. Maybe somebody else can.
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Then fear hits, and it comes down very sharply. When I started to look at that.
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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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You can’t have the capitalist system if an increasing number of people think it is unjust.
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Senator, if I seem clear to you, you must have misunderstood me’.
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Gold still represents the ultimate form of payment in the world.
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The recent period has been marked by a transformation to an economy that is more productive as competitive forces become increasingly intense and new technologies raise the efficiency of our businesses…
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I’m a plain soap kind of guy.
ALAN GREENSPAN -
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 GREENSPAN