Fear and euphoria are dominant forces, and fear is many multiples the size of euphoria. Bubbles go up very slowly as euphoria builds.
ALAN GREENSPANWe are in the midst of a once-in-a-century credit tsunami. Central banks and governments are being required to take unprecedented measures.
More Alan Greenspan Quotes
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We will have more crises and none of them will look like this because no two crises have anything in common except human nature.
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Anyone willing to do what is required to become president of the United States is thereby barred from taking that office. I’m only half joking
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Now, I only play very occasionally, and in fact, more piano than clarinet or sax.
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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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The number of mistakes I have made are just awesome. There is no number large enough to account for that.
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I cannot conceive of a politically feasible solution to this problem which will overdo cutting the deficit, where overdoing means harming the economy. It might be technically possible, but it is not realistic.
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I think that real pressure is going to occur not by the initiation by the Federal Reserve, but by the markets themselves.
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And she always has so much fun doing it. We make a good team.
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I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
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I love facts and figures. It’s like following a detective story, piecing together what’s going on in the economy.
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American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.
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No one has ever eliminated any of that stuff.
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The increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.
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The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit.
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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.
ALAN GREENSPAN