History cannot be reduced to a set of statistics and probabilities.
ALAN GREENSPANNow, I only play very occasionally, and in fact, more piano than clarinet or sax.
More Alan Greenspan Quotes
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There’s an interesting question here because if the gold price broke in that context, the thermometer would not be just a measuring tool. It would basically affect the underlying psychology.
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The free lunch has still to be invented.
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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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Deficit spending is simply a scheme for the confiscation of wealth.If I seem unduly clear to you, you must have misunderstood what I said.
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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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Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.
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If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine.
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The number one problem in today’s generation and economy is the lack of financial literacy.
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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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If I say something which you understand fully in this regard, I probably made a mistake.
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But material success is possible in this world and far more satisfying when it comes without exploiting others.
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Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets.
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Given our inevitably incomplete knowledge about key structural aspects of our ever-changing economy and the sometimes asymmetric costs or benefits of particular outcomes, a central bank.
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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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We cannot rule out a situation in which a preemptive policy tightening becomes necessary.
ALAN GREENSPAN






