Was sort of intellectually shocked. Contagion is the critical phenomenon which causes the thing to fall apart.
ALAN GREENSPANExcessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.
More Alan Greenspan Quotes
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Now, I only play very occasionally, and in fact, more piano than clarinet or sax.
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It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations.
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What an ideology is is a conceptual framework with the way people deal with reality.
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The economy is turning, and credit comes in with a lag, .. To the extent that a number of small firms are finding it difficult to get the credit they need at a price they can afford, that’s likely to change for the better.
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Crony capitalism is essentially a condition in which… public officials are giving favours to people in the private sector in payment of political favours.
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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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Those of us who have looked to the self-interest of lending institutions to protect shareholders’ equity are in a state of shocked disbelief.
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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 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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When trust is lost, a nation’s ability to transact business is palpably undermined.
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Need to consider not only the most likely future path for the economy but also the distribution of possible outcomes about that path.
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Such caution seems especially warranted with regard to the sharp rise in equity prices during the past two years. These gains have obviously raised questions of sustainability.
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I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well.
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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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We are in the midst of a once-in-a-century credit tsunami. Central banks and governments are being required to take unprecedented measures.
ALAN GREENSPAN






