Home / Quotes / Quote by Alan Greenspan

Quote by Alan Greenspan

“Fear and euphoria are dominant forces, and fear is many multiples the size of euphoria. Bubbles go up very slowly as euphoria builds. Then fear hits, and it comes down very sharply. When I started to look at that, I was sort of intellectually shocked. Contagion is the critical phenomenon which causes the thing to fall apart.”

Author

Alan Greenspan

Alan Greenspan, born on March 6, 1926, is an accomplished economist from the United States. He has made significant contributions to the field of economics and has had a profound impact on the global financial system as the Chairman of the Federal Reserve System. more

“Well, I don't like the UK. I haven't ever been a fan of the pound (sterling), and even though they are taking some steps in the right direction - more so than the US - in addressing some of their problems, I still think they're doing it much too slowly. So, I think that the pound will continue to lose value relative to some of these other currencies. I ultimately expect the pound to rise against the dollar, but that's not the best way to take advantage of dollar weakness.”

“Every science consists in the coordination of facts; if the different observations were entirely isolated, there would be no science.”

Ifs Different Facts Would Be Observation Isolated Coordination

Book:The Philosophy of Mathematics

Source: The Philosophy of Mathematics

“Ideas govern the world, or throw it into chaos.”

World Ideas Chaos

Book:Auguste Comte and Positivism: The Essential Writings

Source: Auguste Comte and Positivism: The Essential Writings

Quote by Alan Greenspan

Author

You May Also Like