The remarkable American economy, whose roots are still not conclusively known, and the Asian crises that caught us by surprise, among other humbling experiences, have made policy-makers particularly sensitive to how fast the world can shift beneath our feet,
More Quotes from Alan Greenspan:
A slowing in the rate of inventory liquidation will induce a rise in industrial production if demand for those products is stable or is falling only moderately, ... That rise in production will, other things being equal, increase household income and spending.Alan Greenspan
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,
Alan Greenspan
helped to lower risk premiums on debt and have contributed importantly to the favorable investment environment.
Alan Greenspan
The major element of the control of leverage and capital is the structure of the counterparty relationship,
Alan Greenspan
appears stretched in a number of directions.
Alan Greenspan
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,
Alan Greenspan
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