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Letter "A" » Alan Greenspan Quotes


«I have gotten calls from a number of senior high-tech executives who are telling me that the market is dissolving rapidly before their eyes. But I suspect that a not inconceivable possibility is that what is dissolving in front of their eyes is their own personal net worth!»
«I've heard that if you rig the numbers in the beginning, you won't have to do a recount.»
«I realize what that does to competitiveness, but that's the way markets work efficiently. In other words, to prevent the exchange rates from moving creates all sorts of distortions.»
«I'm sorry I used that term. It's one which does suggest a froth in the market place. I would hesitate to use it in today's context.»
«For Hong Kong and Singapore, in fact, they have been able to realize the size of economy.»
«However, Seoul is clearly of developing in this ... and I expect Seoul gradually make this way to become international financial center.»
«To develop a financial center ... the issue isn't interest of developing infrastructure.»
«A good part of this expansion is a direct function of the decline in real equity premiums. That cannot go on indefinitely.»
«This period of sub-par economic growth is not yet over, and we are not free of the risk that economic weakness will be greater than currently anticipated, requiring further policy response,»
«Governor Kelley is a man of the highest principle, ... I will miss his wise counsel. In his fourteen years on the Board, he has given more than sound judgment and hard work; he has given us the gift of his friendship.»

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