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Quote by Alan Greenspan

“Developing protectionism regarding trade and our reluctance to place fiscal policy on a more sustainable path are threatening what may well be our most valued policy asset: the increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.”

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

“Any onset of increased investor caution elevates risk premiums and, as a consequence, lowers asset values and promotes the liquidation of the debt that supported higher asset prices, ... This is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums.”

Reason Values Risk Higher Periods Lows Consequence Debt Assets Investors Caution Aftermath

Author:Alan Greenspan

“Credit-default swaps, I think, have serious problems associated with them.”

Thinking Problem Serious Credit Default Credit Default Swap

Author:Alan Greenspan

“There are two main drivers of asset class returns - inflation and growth.”

Two Growth Class Return Drivers Assets Inflation

Author:Ray Dalio

“Since I've become a central banker, I've learned to mumble with great incoherence. If I seem unduly clear to you, you must have misunderstood what I said.”

Ifs Said Seems Clear I've Learned Misunderstood Bankers Incoherence

Author:Alan Greenspan