Such an increase in market value is too often viewed by market participants as structural and permanent, ... To some extent, those higher values may be reflecting the increased flexibility and resilience of our economy.
More Quotes from Alan Greenspan:
We've come a long way through this adjustment process and we're still standing and that's good news, ... is still not doing well but (is) far better given what has happened than I would have forecast six, eight, nine months ago.Alan Greenspan
The fact of the matter is, we do not have an unlimited amount of labor, ... the wealth effect cannot persist indefinitely.
Alan Greenspan
...most of the gains in the level and the growth rate of productivity in the United States since 1995 appear to be structural, largely driven by advances in technology and its application -- irreversible in the sense that knowledge once gained is almost never lost,
Alan Greenspan
To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education - literacy, both verbal and numerical, and communication skills.
Alan Greenspan
On whether recent gains in housing prices have produce a bubble, ... we certainly cannot rule out home price declines, especially in some local markets, these declines, were they to occur, likely would not have substantial macroeconomic implications.
Alan Greenspan
Large deficits will result in rising interest rates and an ever-growing ratio of debt service to GDP (gross domestic product),
Alan Greenspan
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Based on Topics: Value QuotesAm I foolish and insignificant or am I great? I gave all the individuals in the world cause to kneel down in front of me.
Sun Myung Moon
But the fact a person denies that he is theorising is no reason for taking him at his word and failing to investigate what implicit theory is involved in his statements.
Talcott Parsons
It is said that the effect of eating too much lettuce is 'soporific'.
Beatrix Potter