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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: ThirdEye who wrote (8059)2/13/2004 4:40:35 PM
From: CalculatedRisk  Respond to of 110194
 
A book of Greenspan quotes would be fun!

Here are a few quotes (I've misplaced my list - I'll post it if I find it):

When he worked for Lincoln Saving & Loan:
In February, 1985, Greenspan wrote a letter to regulators describing Lincoln's management as "seasoned and expert in selecting and making direct investments," and praised it for having "restored the association to a vibrant and healthy state, with a strong net worth position."

When we were on the Gold Standard: "In the absence of the gold standard, there is no way to protect savings from confiscation through inflation."

How about a market bubble Al? Quote from April 2000. "There are various competing explanations," Greenspan said, but "the extraordinary surge in technological innovation has yielded a sharply higher return in investments."