Nor can private counterparties restrict supplies of gold, another commodity whose derivatives are often traded over-the-counter, where central banks stand ready to lease gold in increasing quantities should the price rise.
ALAN GREENSPANSenator, if I seem clear to you, you must have misunderstood me’.
More Alan Greenspan Quotes
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History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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I was a good amateur but only an average professional. I soon realized that there was a limit to how far I could rise in the music business, so I left the band and enrolled at New York University.
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Enhances a person’s ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making
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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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American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.
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Gold still represents the ultimate form of payment in the world.
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Before I met Ayn Rand, I was a logical positivist, and accordingly,
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And whatever their publicized angst over Saddam Hussein’s ‘weapons of mass destruction.
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Corruption, embezzlement, fraud, these are all characteristics which exist everywhere.
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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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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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[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
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Then fear hits, and it comes down very sharply. When I started to look at that.
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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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The number one problem in today’s generation and economy is the lack of financial literacy.
ALAN GREENSPAN