It is very difficult to predict when a bond crisis could happen.
From Alan Greenspan
One of the major problems with China is that its innovation is largely borrowed technology.
The problem is you cannot have free global trade with highly restrictive, regulated domestic markets.
There is a limit to how much the United States Treasury can borrow.
What I see in the corporate sector is very clearly an issue of a major shortfall in the issue of, what some people call confidence, but whatever you want to call it. Clearly people are looking out in the very distant future and they are saying that it is too complex.
There's no other job in public life that is like chairman of the Fed.
Since 1948 I have spent every single day thinking how the economic and political worlds have changed.
Manufacturing capacity is not a rigid level against which one bounces. When you are dealing with a world economy, with a flexibility to employ production facilities other than one's own, then the concept of capacity is vaguer.
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