Alan Greenspan
Alan Greenspan
Alan Greenspanis an American economist who served as Chairman of the Federal Reserve of the United States from 1987 to 2006. He currently works as a private adviser and provides consulting for firms through his company, Greenspan Associates LLC. First appointed Federal Reserve chairman by President Ronald Reagan in August 1987, he was reappointed at successive four-year intervals until retiring on January 31, 2006, after the second-longest tenure in the position...
NationalityAmerican
ProfessionEconomist
Date of Birth6 March 1926
CityNew York City, NY
CountryUnited States of America
Administrative protection in the form of antidumping suits and countervailing duties is a case in point,
a distinguished appointment. Ben comes with superb academic credentials and important insights into the ways our economy functions.
The one certainty is that the resolution of the nation's demographic challenge will require hard choices and that the future performance of the economy will depend on those choices.
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.
I think the IMF has done as much as it thought it understood it could do, ... I don't know what alternative policies could have been implemented which could have significantly altered the pattern that emerged once the vicious cycle began to accumulate to the degree that it did.
I think that the market is ultimately driven by real forces, ... Once you get a decline started, it's not clear whether people use that as a reason to sell or buy.
It is possible to get markets which are too tight, which create inflationary imbalances and ultimately undercut the recovery,
I thought that the initiative that the Senate produced was very important and very effective,
It is becoming increasingly difficult to deny that something profoundly different than the postwar business cycle has emerged in recent years,
Large deficits will result in rising interest rates and an ever-growing ratio of debt service to GDP (gross domestic product),
Our judgment is that the level of consumption growth...will slow down, and the dramatic expansion in capital investment will slow down, ... Something will eventually change the pattern, but there are a number of different ways that can happen.
I would strongly suggest that, while there is an obvious strongly desired sense to move rapidly, it's far more important to be right than quick,
Keeping out competitively priced goods would materially lower our standard of living.
I suspect that with the underlying database publicly available, it is just a matter of time before the ex-post results of analysts recommendations are compiled and published on a regular basis, ... I venture to say that with such transparency, the current upward bias of analysts' earnings projections would diminish rather rapidly.