History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
More Quotes from Alan Greenspan:
A significant amount of consumption is driven by capital gains on some combination of both stocks and residences,Alan Greenspan
Further development of China's trading relationships with the United States and other industrial countries will work to strengthen the rule of law within China and to firm its commitment to economic reform,
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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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The fundamentals are in place for a return to sustained healthy growth,
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The bottom line, however, is that, while immigration and imports can significantly cushion the consequences of the wealth effect and its draining pool of unemployed workers for awhile, there are limits,
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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.
Alan Greenspan
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Based on Topics: History QuotesBased on Keywords: aftermath, premiums, protracted
I look like the kind of guy who has a bottle of beer in my hand.
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Our cattlemen have given us the safest, most abundant, most affordable beef supply in the world and I trust their judgment. And if you look at consumer confidence in this country, so does the American public.
Norm Coleman
My only job as an actor is to try and understand the character and, to the best of my ability, bring this character to life.
Patrick Warburton