We need to recognize that we really do not know the answer for this immediate period.
More Quotes from Alan Greenspan:
If we delay, the adjustments could be abrupt and painful,Alan Greenspan
We're going to be running into very severe pressures in later years, and the better we are prepared in moving into that period, the more likely it is that we will address it in a rational, sensible rational way,
Alan Greenspan
These products could be cause for some concern both because they expose borrowers to more interest-rate and house-price risk than the standard 30-year, fixed-rate mortgage and because they are seen as vehicles that enable marginally qualified, highly leveraged borrowers to purchase homes at inflated prices,
Alan Greenspan
I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said.
Alan Greenspan
dramatic demographic change is certain to place enormous demands on our nation's resources.
Alan Greenspan
The word 'measured' is more of a plan than a pledge,
Alan Greenspan
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