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, 2005Alan Greenspan
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Periods of history when values undergo a fundamental shift are certainly not unprecedented. This happened in the Hellenistic period, when from the ruins of the classical world the Middle Ages were gradually born. It happened during the Renaissance, which opened the way to the modern era. The distinguishing features of such transitional periods are a mixing and blending of cultures and a plurality or parallelism of intellectual and spiritual worlds. These are periods when all consistent value systems collapse, when cultures distant in time and space are discovered or rediscovered. They are periods when there is a tendency to quote, to imitate, and to amplify, rather than to state with authority or integrate. New meaning is gradually born from the encounter, or the intersection, of many different elements.
Vaclav Havel
In the history of the human race, those periods which later appeared as great have been the periods when the men and the women belonging to them had transcended the differences that divided them and had recognized in their membership in the human race a common bond.
Haile I Selassie
When there were periods of crisis, you stood beside him. When there were periods of happiness, you laughed with him. And when there were periods of sorrow, you comforted him.
Robert F. Kennedy
Men tend to have the beliefs that suit their passions. Cruel men believe in a cruel God, and use their belief to excuse their cruelty. Only kindly men believe in a kindly God, and they would be kindly in any case.
Bertrand Russell
There are periods in the history of the world when the unseen Power that guides its destinies seems to be filled with a consuming passion for change and a strong impatience of the old. The Great Mother, the Adya Shakti, has resolved to take the nations into Her hand and shape them anew. These are periods of rapid destruction and energetic creation, filled with the sound of cannon and the trampling of armies, the crash of great downfalls, and the turmoil of swift and violent revolutions; the world is thrown into the smelting pot and comes out in a new shape and with new features. They are periods when the wisdom of the wise is confounded and the prudence of the prudent turned into a laughing-stock....
Sri Aurobindo
Greenspan, Alan
Greenwell, Dora
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