American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.
ALAN GREENSPANGold, unlike all other commodities, is a currency…and the major thrust in the demand for gold is not for jewelry.
More Alan Greenspan Quotes
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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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All taxes are a drag on economic growth. It’s only a question of degree.
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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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I was raising the question on the side with Governor Mullins of what would happen if the Treasury sold a little gold in this market.
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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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It is decidedly not true that “nice guys finish last,” as that highly original American baseball philosopher, Leo Durocher, was alleged to have said.
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The true measure of a career is to be able to be content, even proud, that you succeeded through your own endeavors without leaving a trail of casualties in your wake.
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Gold still represents the ultimate form of payment in the world.
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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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Remember what we’re looking at. Gold is a currency. It is still, by all evidence, a premier currency, that no fiat currency, including the dollar, can match.
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But rules cannot substitute for character.
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I have long argued that paying down the national debt is beneficial for the economy.
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Everyone has one. You have to, to exist you need an ideology. The question is whether it is accurate or not.
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We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.
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History demonstrates that participants in financial markets are susceptible to waves of optimism.
ALAN GREENSPAN