To develop a financial center ... the issue isn't interest of developing infrastructure.
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
There are sound reasons for concluding that the long-run picture remains bright ... but I would emphasize that we continue to face significant risks in the near term,
Alan Greenspan
But, given our current state of knowledge, I find it difficult to envision central banks successfully targeting asset prices any time soon,
Alan Greenspan
Lower equity prices and higher financing costs should damp household and business spending, and greater uncertainty and risk aversion may also lead to more cautious spending behavior,
Alan Greenspan
For the moment, the broadly unanticipated behavior of world bond markets remains a conundrum .
Alan Greenspan
reductions in demand for our exports and intensified competition from imports. All of this suggests that the growth of economic activity in this country will moderate from the recent brisk pace.
Alan Greenspan
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