It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations.
ALAN GREENSPANAnything that we can do to raise personal savings is very much in the interest of this country.
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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Market financed withdrawals of home equity in recent years.
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Recent episodes in which Fed officials hinted at a shift toward higher interest rates have unleashed significant volatility in markets.
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No one has ever eliminated any of that stuff.
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Skilled shortages in America exist because we are shielding our skilled labor force from world competition. [Visa quotas] have been substituted for the wage pricing mechanism.
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Even though some down payments are borrowed, it would take a large, and historically most unusual, fall in home prices to wipe out a significant part of home equity.
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What we have found over the years in the marketplace is that derivatives have been an extraordinarily useful vehicle to transfer risk from those who shouldn’t be taking it to those who are willing to and are capable of doing so.
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Yet deregulation set the stage for an enormous wave of creative destruction in the 1980s.
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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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I’ve always argued that this country has benefited immensely from the fact that we draw people from all over the world.
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If I seem unduly clear to you, you must have misunderstood what I said.
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I was raising the question on the side with Governor Mullins of what would happen if the Treasury sold a little gold in this market.
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But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?
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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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The recent period has been marked by a transformation to an economy that is more productive as competitive forces become increasingly intense and new technologies raise the efficiency of our businesses…
ALAN GREENSPAN