History has not dealt kindly with the aftermath of protracted periods of low risk premiums.


At a symposium sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming, August 26, 2005

FRB: Speech, Greenspan--Reflections on central banking--August 26, 2005[federalreserve.gov]

Alan Greenspan Quotes

History has not dealt kindly with the aftermath of protracted periods of low risk premiums.

History has not dealt kindly with the aftermath of protracted periods of low risk premiums.

History has not dealt kindly with the aftermath of protracted periods of low risk premiums.

History has not dealt kindly with the aftermath of protracted periods of low risk premiums.