Senator, we are groping for understanding, the knowledge you assume I possess doesn’t exist’.
ALAN GREENSPANWhat an ideology is is a conceptual framework with the way people deal with reality.
More Alan Greenspan Quotes
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Indeed, better risk management may be the only truly necessary element of success in banking.
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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 whatever their publicized angst over Saddam Hussein’s ‘weapons of mass destruction.
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We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past.
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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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There are no easy choices. Easy choices are long gone.
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I’m always amazed that my wife can handle different subjects – one day politics, the next day foreign policy.
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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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The gut-feel of the 55-year old trader is more important than the mathematical elegance of the 25-year old genius.
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Was sort of intellectually shocked. Contagion is the critical phenomenon which causes the thing to fall apart.
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The recent evidence increasingly suggests that an economic expansion is already well under way, although an array of influences unique to this business cycle seems likely to moderate its speed.
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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…
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A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority of homeowners have built up substantial equity in their homes despite large mortgage.
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Developing protectionism regarding trade and our reluctance to place fiscal policy on a more sustainable path are threatening what may well be our most valued policy asset.
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I didn’t believe in absolutes, moral or otherwise. If I couldn’t prove a proposition with facts and figures, it was without merit.
ALAN GREENSPAN






