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Alan Greenspan Quotes
«The U.S. economy appears to have withstood a set of blows -- major declines in equity markets, a sharp retrenchment in investment spending, and the tragic terrorist attacks of last September -- that in previous business cycles almost surely would have induced a severe contraction,»
Author: Alan Greenspan
«There have been signs recently that some of the forces that have been restraining the economy over the past year are starting to diminish and that activity is beginning to firm,»
Author: Alan Greenspan
«While, three months ago, it was clearly a desirable action ... we didn't [pass a stimulus bill], ... Fortunately it turned out we didn't need that particular [action].»
Author: Alan Greenspan
«There are sound reasons for concluding that the long-run picture remains bright ... but I would emphasize that we continue to face significant risks in the near term,»
Author: Alan Greenspan
«[Calling developments this year] quite favorable, ... the expansion is self-sustaining.»
Author: Alan Greenspan
« It's too soon in the fourth quarter to make very many judgments, but despite the fact that we clearly have been shocked by the tragedy of September 11, there is no evidence at this stage from the data we have to date that there will be a decline in the fourth quarter,»
Author: Alan Greenspan
«the weight of incoming evidence persuasively suggest on oncoming intensification of inflation pressures.»
Author: Alan Greenspan
«If we allow terrorism to undermine our freedom of action, we could reverse at least part of the palpable gains achieved by postwar globalization. It is incumbent upon us not to allow that to happen,»
Author: Alan Greenspan