A Quote by Janet Yellen
It's important for the Fed, hard as it is, to attempt to detect asset bubbles while they're forming.
Related Quotes
When interest rates are low we have conditions for asset bubbles to develop, and they are developing at the moment. The ultimate asset bubble is gold.
What we need to understand is, one, that there are market failures; and two, that there are things like asset bubbles and irrational exuberance. There are periods of booms, bubbles, and manias. These things, if left to themselves, can lead to crashes, to busts, to panics.
To me, the greatest asset of the Fed is the people. We have a tremendously dedicated staff... They feel proud to work for the Fed because this is such a competent, professional and well-respected organization.
It is ludicrous to believe that asset bubbles can only be recognized in hindsight.
Children are the most important asset in a country. For them to become that asset, they must receive education and love from their parents.
I could blow bubbles. Bubbles would solve any dilemma we face. If bubbles were president there would be no war.
Americans are so emotionally fragile that soon we will have to be carried around in plastic bubbles and fed with an eye-dropper.
There is no doubt that the Fed's large-scale asset purchases have caused major increases in a number of asset prices in the economy. This is especially true of mortgage backed securities and corporate bonds, and quite possibly of equities as well. For those people and institutions holding those things, the run up in prices has been a wealth bonanza.
The beam in our own eye is harder to detect, although - or more accurately because - to detect it, and remove it, is vastly more important on elementary moral grounds, and commonly more important in terms of direct human consequences as well. Intellectuals have historically played a critical function in performing these tasks, and [Ivan] Illich is right to observe that claims to scientific expertise and special knowledge are often used as a device.
It is a common fact that we see light flashes in a dark environment while living up here, and this experiment is essentially trying to detect how we humans detect these flashes - not sure if these are visual, if they are some type of radiation maybe sensed by some other part of the brain.
To many people, dramatic criticism must seem like an attempt to tattoo soap bubbles.
While some doubted that connecting the world was actually important, we were building. While others doubted that this would be sustainable, you were forming lasting connections. We just cared more about connecting the world than anyone else. And we still do today.
The goal of long-run economic growth without asset price bubbles is not only achievable, but is something we should expect if we put a sound regulatory framework in place and if policymakers remain vigilant.
Never work for a company that says people are its most important asset. If you wanted to get a mortgage and you said that your only asset was people you would end up living in a tent.
Doctors and nurses, with their training and their experiences, they would be able to detect unusual patterns of disease. That's why we say it is important for every country to have a proper surveillance system. The function of the surveillance system is to detect unusual patterns of diseases.
We are all so immersed in our own technology bubbles that we're ignoring so many important things. We're all online arguing over nuance and nonsense, and everybody's so incensed and upset about things that ultimately mean nothing while we are destroying our environment. While we're racing towards Armageddon, we're all online arguing about what Beyonce said at some award.
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