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
The type of economy that we are dealing with at this particular stage is, I suspect, one that none of us has seen before, and indeed it may be unprecedented in our history, ... Our basic purpose is to keep that process going.
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,
All I would say is that when you're getting out that far, there will be lots of adjustments,
The housing boom will inevitably simmer down, ... As part of that process, house turnover will decline from currently historic levels, while home price increases will slow and prices could even decrease.
... the flexibility of our market-driven economy has allowed us, thus far, to weather reasonably well the steep rise in spot and futures prices for crude oil and natural gas that we have experienced over the past two years,
The major attraction of personal or private accounts is that they can be constructed to be truly segregated from the unified budget,
The major element of the control of leverage and capital is the structure of the counterparty relationship,
If I seem unduly clear to you, you must have misunderstood what I said.
I certainly agree with you that they are down to rock-bottom levels.
I can safely say there is no endeavor to coordinate an interest rate cut,
I cannot find (inflation) no matter where I look,
The evidence we have to date as of yet shows no evidence of stabilization,
The hey day when a high school or college education would serve a graduate for a lifetime is gone, ... Today's recipients of diplomas expect to have many jobs and to use a wide range of skills over their working lives.
The growing stability of the world economy over the past decade may have encouraged investors to accept increasingly lower levels of compensation for risk.