The worst have failed; investors no longer fund them and are not likely to in the future.
ALAN GREENSPANRegulation of derivatives transactions that are privately negotiated by professionals is unnecessary.
More Alan Greenspan Quotes
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Remember what we’re looking at. Gold is a currency. It is still, by all evidence, a premier currency, that no fiat currency, including the dollar, can match.
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There’s an interesting question here because if the gold price broke in that context, the thermometer would not be just a measuring tool. It would basically affect the underlying psychology.
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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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Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth.
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The number of mistakes I have made are just awesome. There is no number large enough to account for that.
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If I say something which you understand fully in this regard, I probably made a mistake.
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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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Credit-default swaps, I think, have serious problems associated with them.
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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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If we are dealing with psychology, then the thermometers one uses to measure it have an effect.
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If I’ve made myself clear, I’ve misspoken.
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Gold stands in the way of this insidious process. It stands as a protector of property rights.
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The very nature of finance is that it cannot be profitable unless it is significantly leveraged… and as long as there is debt, there can be failure and contagion.
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So there is no reason to suspect that the actual process of boosting rates would be any different.
ALAN GREENSPAN -
Improvements in lending practices driven by information technology have enabled lenders to reach out to households with previously unrecognized borrowing capacities.
ALAN GREENSPAN






