Alan Greenspan Quotes

[The Jackson Hole gathering this year is the equivalent of the American TV show] This is Your Life ... The Greenspan Era: Lessons for the Future. - Alan Greenspan

[T]he currency depreciation that we have experienced of late should eventually help to contain our current account deficit as foreign producers export less to the United States. On the other side of the ledger, the current account should improve as U.S. firms find the export market more receptive. - Alan Greenspan

[On whether recent gains in housing prices have produce a] bubble... we certainly cannot rule out home price declines, especially in some local markets, these declines, were they to occur, likely would not have substantial macroeconomic implications. - Alan Greenspan

[Greenspan also noted, however, that] history does raise some warning flags ... evolution of productivity. - Alan Greenspan

[Calling developments this year] quite favorable... the expansion is self-sustaining. - Alan Greenspan

[Bush said his choice as the nation's new central banker] commands deep respect in the financial community. ... has shepherded our economy through its highs and its lows. - Alan Greenspan

[Brazil is] acutely aware ... At the end of the day, we're going to find that Brazil has a very formidable economy, just as it has in the past. - Alan Greenspan

...most of the gains in the level and the growth rate of productivity in the United States since 1995 appear to be structural, largely driven by advances in technology and its application -- irreversible in the sense that knowledge once gained is almost never lost. - Alan Greenspan

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