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Letter "A" » Alan Greenspan Quotes
«[The Jackson Hole gathering this year is the equivalent of the American TV show] This is Your Life ... The Greenspan Era: Lessons for the Future.»
«Our analysis of economic developments almost surely will need to deal in greater detail with balance sheet considerations than was the case in the earlier decades of the postwar period,»
«Any onset of increased investor caution elevates risk premiums and, as a consequence, lowers asset values and promotes the liquidation of the debt that supported higher asset prices, ... This is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums.»
«Developing protectionism regarding trade and our reluctance to place fiscal policy on a more sustainable path are threatening what may well be our most valued policy asset: the increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.»
«hesitancy to face up to the difficult choices that will be required to resolve our looming fiscal problems.»
«But, given our current state of knowledge, I find it difficult to envision central banks successfully targeting asset prices any time soon,»
«Surely difficult challenges lie ahead for the Fed, some undoubtedly of our own making, and others that will be thrust on us by market or other forces,»
«The housing boom will inevitably simmer down, ... As part of that process, house turnover will decline from currently historic levels, while home price increases will slow and prices could even decrease.»
«The housing boom will inevitably simmer down,»
«The current surge in oil prices, though noticeable, is likely to prove significantly less consequential to economic growth and inflation than the surge in the 1970s,»

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