Corruption, embezzlement, fraud, these are all characteristics which exist everywhere.
ALAN GREENSPANThe only effective regulation lies in the propensity of customers to choose alternatives, of investors to move their funds elsewhere and of labour to acquire technical skills’.
More Alan Greenspan Quotes
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Credit-default swaps, I think, have serious problems associated with them.
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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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Some succeed for a time. But while there may occasionally be mis-configurations among market prices that allow abnormal returns, they do not persist.
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There are no easy choices. Easy choices are long gone.
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Unfortunately, Senator, nobody knows where the next innovative idea is coming from.
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I think that real pressure is going to occur not by the initiation by the Federal Reserve, but by the markets themselves.
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The number one problem in today’s generation and economy is the lack of financial literacy.
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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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The tub helps me relax, and it’s a great place to read.
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Fiat money in extremis is accepted by nobody. Gold is always accepted.
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It seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade.
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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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Senator, if I seem clear to you, you must have misunderstood me’.
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Significantly opening up immigration to skilled workers solves two problems.
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What an ideology is is a conceptual framework with the way people deal with reality.
ALAN GREENSPAN