It signals problems with respect to currency markets. Central banks should pay attention to it.
ALAN GREENSPANIf you think you understand what I am saying you do not understand what I am saying.
More Alan Greenspan Quotes
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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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An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions.
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Corruption, embezzlement, fraud, these are all characteristics which exist everywhere.
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Greenspan, who knew so much more than most, knew far less than most supposed.
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It’s hard to overemphasize how important Ford’s deregulation was. True, most of the benefits took years to unfold-rail freight rates, for example hardly budged at first.
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These days, even out of office, I still read economic reports.
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The use of a growing array of derivatives and the related application of more-sophisticated approaches to measuring and managing risk are key factors underpinning the greater resilience of our largest financial institutions…
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Gold still represents the ultimate form of payment in the world.
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Indeed, better risk management may be the only truly necessary element of success in banking.
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Derivatives have permitted the unbundling of financial risks.
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By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.
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It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum.
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There is no safe store of value. Deficit spending is simply a scheme for the hidden confiscation of wealth.
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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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What we have found over the years in the marketplace is that derivatives have been an extraordinarily useful vehicle to transfer risk from those who shouldn’t be taking it to those who are willing to and are capable of doing so.
ALAN GREENSPAN