Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.
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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American and British authorities were also concerned about violence in an area that harbors a resource indispensable for the functioning of the word economy.
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And she always has so much fun doing it. We make a good team.
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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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Productivity is notoriously difficult to predict.
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I didn’t believe in absolutes, moral or otherwise. If I couldn’t prove a proposition with facts and figures, it was without merit.
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The number one problem in today’s generation and economy is the lack of financial literacy.
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The free lunch has still to be invented.
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What an ideology is is a conceptual framework with the way people deal with reality.
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Significantly opening up immigration to skilled workers solves two problems.
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Then fear hits, and it comes down very sharply. When I started to look at that.
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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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Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth.
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We may be in a rapidly evolving international financial system with all the bells and whistles of the so-called new economy. But the old-economy rules of prudence are as formidable as ever. We violate them at our own peril.
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Corruption, embezzlement, fraud, these are all characteristics which exist everywhere.
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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.
ALAN GREENSPAN