I don’t know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we’ve been talking about today or anything anybody else was talking about.
ALAN GREENSPANThe number one problem in today’s generation and economy is the lack of financial literacy.
More Alan Greenspan Quotes
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The free lunch has still to be invented.
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The increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.
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In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.
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The more flexible an economy, the greater its ability to self-correct in response to inevitable, often unanticipated, disturbances and thus to contain the size and consequences of cyclical imbalances.
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Credit-default swaps, I think, have serious problems associated with them.
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These days, even out of office, I still read economic reports.
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And she always has so much fun doing it. We make a good team.
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Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
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This decade is strewn with examples of bright people who thought they built a better mousetrap that could consistently extract abnormal returns from the financial markets.
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And whatever their publicized angst over Saddam Hussein’s ‘weapons of mass destruction.
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Nor can private counterparties restrict supplies of gold, another commodity whose derivatives are often traded over-the-counter, where central banks stand ready to lease gold in increasing quantities should the price rise.
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If you think you understand what I am saying you do not understand what I am saying.
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People dont realize that we cannot forecast the future. What we can do is have probabilities of what causes what, but thats as far as we go. And Ive had a very successful career as a forecaster, starting in 1948 forward.
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[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
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It seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade.
ALAN GREENSPAN