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A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority of homeowners have built up substantial equity in their homes despite large mortgage-market financed withdrawals of home equity in recent years.

— Alan Greenspan

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More quotes by Alan Greenspan

When trust is lost, a nation's ability to transact business is palpably undermined.

The Age of Turbulence (2008)

Globalization was exerting a dis-inflationary impact.

The Age of Turbulence (2008)

I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits.

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In general, corruption tends to exist whenever governments have favors to extend, or something to sell.

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Modern dynamic economies do not stay still long enough to allow for an accurate reading of their underlying structures.

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Quote text and notes from Wikiquote: Alan Greenspan (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.