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,
More Quotes from Alan Greenspan:
We are not starting off with the proposition that inflation is a big bogey and that we will construct all sorts of arguments ... thwart it,Alan Greenspan
I've been in and out of Wall Street since 1949, and I've never seen the type of animosity between government and Wall Street. And I'm not sure where it comes from, but I suspect it's got to do with a general schism in this society which is really becoming ever more destructive.
Alan Greenspan
Work to eliminate math anxiety, ... so many students who clearly demonstrate impressive verbal or other conceptual skills find mathematical procedures intimidating.
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As I indicated several weeks ago to a university audience, ... it is just not credible that the United States, or for that matter Europe, can remain an oasis of prosperity unaffected by a world that is experiencing greatly increased stress.
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We are seeing an evolving new international economy. We are in the process of learning how it works as we are doing it, ... Fortunately, the trauma that came out of the Russian default created so much risk aversion ... we probably have time to be deliberative in determining how the (international monetary) structure ought to be structured.
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With production running well below sales, the lift to income and spending from the inevitable cessation of inventory liquidation could be significant,
Alan Greenspan
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Based on Topics: Balance Quotes, Business & Commerce Quotes, Potential Quotes, Value QuotesBased on Keywords: abrupt, liabilities
It's easy to get next to music theory, especially between your peers and music classes and so forth. You just pay attention. I had a good ear, so I realized that printed music was just about reminding you what to play.
Quincy Jones
The very word 'secrecy' is repugnant in a free and open society; and we are as a people inherently and historically opposed to secret societies, to secret oaths, and to secret proceedings.
John F. Kennedy
Just about any story we think about doing, whether we've read it in a newspaper, heard it on the radio or come upon it through word of mouth - by the time you get there, every other network, cable station and talk show is already racing to the scene.
Connie Chung