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Letter "A" » Alan Greenspan Quotes
«of interest-only loans and the introduction of more-exotic forms of adjustable-rate mortgages are developments of particular concern.»
«signs of froth in some local markets where home prices seem to have risen to unsustainable levels.»
«Despite the rise in oil prices through mid-August, inflation and inflation expectations have eased in recent months,»
«[Work to eliminate] math anxiety, ... so many students who clearly demonstrate impressive verbal or other conceptual skills find mathematical procedures intimidating.»
«There do appear to be, at a minimum, signs of froth in some local markets,»
«in modest quantities does enhance the rate of growth of the economy and does create higher standards of living, but in excess, creates very serious problems.»
«History has not dealt kindly»
«This vast increase in the market value of [stocks, bonds, houses and other assets] is in part the indirect result of investors accepting lower compensation for risk, ... Such an increase in market value is too often viewed by [investors] as structural and permanent.»
«could be exposed to significant losses.»
«Such developments apparently reflect not only market dynamics but also the all-too-evident alternating and infectious bouts of human euphoria and distress and the instability they engender,»

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