Alan Greenspan Quotes About Uncertainty
-
Regulators have not been able to achieve the level of future clarity required to act pre-emptively. The problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so...
→ -
Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets. We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past. But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?
→ -
Although the outlook is clouded by a number of uncertainties, the central tendencies of the projections .. imply continued good economic performance in the United States.
→
Related Authors
-
Richard Branson Business magnate -
Henry Paulson Former United States Secretary of the Treasury -
Timothy Geithner Former United States Secretary of the Treasury -
Nouriel Roubini Economist -
Robert J. Shiller Economist -
Janet Yellen Economist -
Friedrich August von Hayek Economist -
Andrea Mitchell Journalist -
Lawrence Summers Former Undersecretary for International Affairs -
Henry A. Kissinger Former National Security Advisor -
John Maynard Keynes Economist -
Ben Bernanke Economist -
Paul Volcker Economist -
Robert Rubin Former United States Secretary of the Treasury -
George W. Bush 43rd U.S. President -
Warren Buffett Investor -
Milton Friedman Economist -
Alan Blinder Economist -
Paul Krugman Economist -
Ayn Rand Novelist