I think that real pressure is going to occur not by the initiation by the Federal Reserve, but by the markets themselves.
ALAN GREENSPANWhen trust is lost, a nation’s ability to transact business is palpably undermined.
More Alan Greenspan Quotes
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And whatever their publicized angst over Saddam Hussein’s ‘weapons of mass destruction.
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No matter how skillful the trading scheme, over the long haul, abnormal returns are sustained only through abnormal exposure to risk.
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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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There are no easy choices. Easy choices are long gone.
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Amateurs want to be right. Professionals want to make money.
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I’m a plain soap kind of guy.
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The companies could hire the educated workers they need. And those workers would compete with high-income people, driving more income equality.
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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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Since I’ve become a central banker, I’ve learned to mumble with great incoherence.
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Senator, we are groping for understanding, the knowledge you assume I possess doesn’t exist’.
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I was a good amateur but only an average professional. I soon realized that there was a limit to how far I could rise in the music business, so I left the band and enrolled at New York University.
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And she always has so much fun doing it. We make a good team.
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If we are dealing with psychology, then the thermometers one uses to measure it have an effect.
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By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.
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What an ideology is is a conceptual framework with the way people deal with reality.
ALAN GREENSPAN