We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past.
ALAN GREENSPANI’m a plain soap kind of guy.
More Alan Greenspan Quotes
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The problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so…
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The more flexible an economy, the greater its ability to self-correct in response to inevitable, often unanticipated, disturbances and thus to contain the size and consequences of cyclical imbalances.
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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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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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Recent episodes in which Fed officials hinted at a shift toward higher interest rates have unleashed significant volatility in markets.
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The number of mistakes I have made are just awesome. There is no number large enough to account for that.
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Corruption, embezzlement, fraud, these are all characteristics which exist everywhere.
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History cannot be reduced to a set of statistics and probabilities.
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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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The increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.
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Skilled shortages in America exist because we are shielding our skilled labor force from world competition. [Visa quotas] have been substituted for the wage pricing mechanism.
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Well, you probably will always believe there should be laws against fraud, and I don’t think there is any need for a law against fraud.
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It’s not for anything other than an escape from what is perceived to be a fiat money system, paper money, that seems to be deteriorating.
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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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They seem to sense… that gold and economic freedom are inseparable.
ALAN GREENSPAN






