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 GREENSPANIt signals problems with respect to currency markets. Central banks should pay attention to it.
More Alan Greenspan Quotes
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The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.
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[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
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The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War.
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Regulators have not been able to achieve the level of future clarity required to act pre-emptively.
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If you think you understand what I am saying you do not understand what I am saying.
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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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The guiding purpose of the government regulator is to prevent rather than to create something.
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While these tendencies were no doubt in train in the “old,” pre-1990s economy, they accelerated over the past decade as a number of technologies with their roots in the cumulative innovations of the past half-century began to yield dramatic economic returns.
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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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I believe that the general growth in large [financial] institutions have occurred in the context of an underlying structure of markets in which many of the larger risks are dramatically — I should say, fully — hedged.
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Greenspan, who knew so much more than most, knew far less than most supposed.
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How do we know when irrational exuberance has unduly escalated asset values?
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The only sustainable way to increase demand for vacant houses is to spur the formation of new households. Admitting more skilled immigrants, who tend to earn enough to buy homes, would accomplish that while paying other dividends to the U.S. economy.
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And the percentage changes in wage rates would be the same for all job grades.
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They seem to sense… that gold and economic freedom are inseparable.
ALAN GREENSPAN