Quotes by 'Alan Greenspan'

Alan Greenspan

Alan Greenspanis an American economist who served as Chairman of the Federal Reserve of the United States from 1987 to 2006. He currently works as a private adviser and provides consulting for firms through his company, Greenspan Associates LLC. First appointed Federal Reserve chairman by President Ronald Reagan in August 1987, he was reappointed at successive four-year intervals until retiring on January 31, 2006, after the second-longest tenure in the position...

Alan Greenspan quotes about

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account cannot causes far forecast future large number people realize starting successful

People don't realize that we cannot forecast the future. What we can do is have probabilities of what causes what, but that's as far as we go. And I've had a very successful career as a forecaster, starting in 1948 forward. The number of mistakes I have made are just awesome. There is no number large enough to account for that.

banks derivative growth importance increasing large particular profile rapid risk

The rapid growth and increasing importance of derivative instruments in the risk profile of many large banks has been a particular concern,

borrowed china largely major problems technology

One of the major problems with China is that its innovation is largely borrowed technology.

both capability cuts cutting deficit large presume productive taxes

We should not be cutting taxes by borrowing, ... We do not have the capability of having both productive tax cuts and large expenditure increases, and presume that the deficit doesn't matter.

almost largest past posted reported surely

will almost surely be reported as one of the largest advances, if not the largest, posted over the past 30 years.

affecting assets balance changes confronted economies exhibit factors households income larger perhaps potential relative responses risen sheets value

As the value of assets and liabilities have risen relative to income, we have been confronted with the potential for our economies to exhibit larger and perhaps more abrupt responses to changes in factors affecting the balance sheets of households and businesses,

access address available business businesses data decision economic far improvement information key large makers played quantities rapidly resolve virtually

Doubtless, the substantial improvement in the access of business decision makers to real-time information has played a key role, ... Today, businesses have large quantities of data available virtually in real time. As a consequence, they address and resolve economic imbalances far more rapidly than in the past.

deficits future interest large rates result rising

is on an unsustainable path, in which large deficits result in rising interest rates and ever-growing interest payments that augment deficits in future years.

economy-and-economics half larger size

is larger than that of Japan, and may be approaching half the size of the American economy.

apparent businesses dynamic economy large market nowhere operating small

Nowhere in the world are the synergies of small and large businesses operating side-by-side in a dynamic market economy more apparent than in this country.

although among appears books cannot certainty growth largest since until

Although we cannot know with certainty until the books are closed, the growth of productivity since 1995 appears to be among the largest in decades,

actions bubble contain drastic ease fallout focus instead largely mitigate next noted occurs policies transition trying

Instead of trying to contain a putative bubble by drastic actions with largely unpredictable consequences, we chose, as we noted in our mid-1999 congressional testimony, to focus on policies to mitigate the fallout when it occurs and, hopefully, ease the transition to the next expansion.

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