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  • Alan Greenspan Quotes   143
  • Fear and euphoria are dominant forces, and fear is many multiples the size of euphoria. Bubbles go up very slowly as euphoria builds. Then fear hits, and it comes down very sharply. When I started to look at that, I was sort of intellectually shocked. Contagion is the critical phenomenon which causes the thing to fall apart.
    • 5 years ago



    Tags : Alan Greenspan Quotes , Fall Quotes , Looks Quotes
  • Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets. We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past. But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?
    • 5 years ago



    Tags : Alan Greenspan Quotes , Past Quotes , Japan Quotes
  • The recent period has been marked by a transformation to an economy that is more productive as competitive forces become increasingly intense and new technologies raise the efficiency of our businesses...While these tendencies were no doubt in train in the "old," pre-1990s economy, they accelerated over the past decade as a number of technologies with their roots in the cumulative innovations of the past half-century began to yield dramatic economic returns.
    • 5 years ago



    Tags : Alan Greenspan Quotes , Past Quotes , Technology Quotes
  • We ought to be opening up our borders to skilled labour from all parts of the world because [the state of the world is as follows: ] if we were to do that we would increase the supply of skilled workers that our schools have been unable to create and as a consequence of that we would lower the average wage of skills and reduce the degree of income inequality in this country.
    • 5 years ago



    Tags : Alan Greenspan Quotes , Country Quotes , School Quotes
  • Gold, unlike all other commodities, is a currency...and the major thrust in the demand for gold is not for jewelry. 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.
    • 5 years ago



    Tags : Alan Greenspan Quotes , Gold Quotes , Paper Quotes
  • At the risk of some oversimplification, if the skill composition of our work force meshed fully with the needs of our increasingly complex capital-stock, wage-skill differentials would be stable, and the percentage changes in wage rates would be the same for all job grades.
    • 5 years ago



    Tags : Alan Greenspan Quotes , Jobs Quotes , Skills Quotes