these borrowers, and the institutions that service them, could be exposed to significant losses.
More Quotes from Alan Greenspan:
Technology is also damping upward price pressures through its effect on international trade,Alan Greenspan
A continuation of this trend would soon make the lack of refining capacity a binding constraint on growth in oil use, ... lagging.
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I do not deny that many appear to have succeeded in a material way by cutting corners and by manipulating associates, both in their professional and in their personal lives. But material success is possible in this world and far more satisfying when it comes without exploiting others.
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But, given our current state of knowledge, I find it difficult to envision central banks successfully targeting asset prices any time soon,
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The problems that we have seen are, in one sense, more domestic than they are international,
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We at the Federal Reserve, recognizing the powerful forces of productivity growth and global restraint on inflation, have not perceived to date the need to tighten policy,
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