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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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Acknowledge Country Inconvenient Large Saddened

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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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Country Decade Escalate Irrational Past Subject
I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
ALAN GREENSPAN

Acknowledge Country Inconvenient Large Saddened
They seem to sense… that gold and economic freedom are inseparable.
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Excessive optimism sows the seeds of its own reversal.
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I have long argued that paying down the national debt is beneficial for the economy.
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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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But rules cannot substitute for character.
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Then fear hits, and it comes down very sharply. When I started to look at that.
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This is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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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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