I think that the market is ultimately driven by real forces, ... Once you get a decline started, it's not clear whether people use that as a reason to sell or buy.
More Quotes from Alan Greenspan:
We need to recognize that we really do not know the answer for this immediate period.Alan Greenspan
The effects of the present merger wave are yet to be determined, ... But, unless a relationship between bigness and market concentration can be more firmly rooted in anti-competitive behavior, bigness, per se, does not appear to be an issue for national economic policy.
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There should be little disagreement about the need to re-establish budget discipline,
Alan Greenspan
will almost surely be reported as one of the largest advances, if not the largest, posted over the past 30 years.
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I must say, I never expected to see the day where I would be talking about anything other than reducing the debt, I'm running into the tyranny of zero, which is where you can't reduce (the debt) any more
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the need to expand our nation's ability to import natural gas.
Alan Greenspan
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