“The most expensive advice that you will ever get is to be told at a market top that “This time it’s different,” said Harvard economics professor Kenneth Rogoff
“Low volatility and boring. That’s the mode that investors should get used to,” said Bill Gross, Managing Director at bond giant, PIMCO.
“For the third year in a row, high oil prices have slowed down the general economy, because disposable income is lost to high gasoline prices,” said John Hofmeister, former CEO of Shell Oil.
“I mind my own business,” she told the Guinness World Records. “And I don’t eat junk food,” Said Besse Cooper, the world’s oldest person, on her 116th birthday in Monroe, Georgia.
“Central banks can do whatever they want. But there is no monetary policy powerful enough to prevent the U.S. from going into recession in the first six months of next year if the fiscal cliff happens,” said strategist, Dan Greenhaus.
“The strength of the Army must be credible enough to keep the knuckleheads abroad from miscalculating and instigating conflicts which they can’t win,” said Army Chief of Staff, General Ray Odierno.
“There’s been a lot of lost face in asset allocation over the past five years. Who would have thought that government bond yields could have gone so low?” said Michael Turner, a strategist at Aberdeen Asset Management.
“Right now, our politics are holding us back. It’s like being the children of permanently divorcing parents. The political environment is a real downer for a lot of people, and their holding back,” said New York Times columnist, Tom Friedman, author of the book, That Used To Be US.
“Today, 20% of enterprises are using Apple computers on their desktop. For the first time in 30 years, for developers, it is Apple first, not Apple second. This fundamentally changes our investment thesis,” said Ann Winblad of Winblad Hummer Venture Partners.
I’ve said it many times. Energy’s share of GDP at 17% is a wall. When we get to 17%, we almost always have a recession. And by the way, we are at 15% now,” said Joe Petrowski, CEO of the Cumberland Gulf Group, a petroleum marketer.
“We can’t even have a decent conversation about tax reform because there is so much mythology out there,” said former Treasury Secretary, Paul O’Neill.
“Liquidity is not a financial term, it is a psychological term,” said former Federal Reserve governor Alan Greenspan.
“There will be much more printing of money because central bankers are willing to do that. This does solve problems, it postpones them so they can become larger,” said Mark Faber, publisher of the Gloom, Boom, and Doom Report.
“I used to tell lies. But I’ve given it up, because the field has become overrun with amateurs,” said the great American 19th century humorist, Mark Twain.
“We’re getting three business cycles a week with this kind of volatility,” said Kevin Ferry of Cronus Futures.
- May 21, 2013 May 21, 2013
- July 2 New York Strategy Luncheon May 21, 2013
- End of the Commodity Super Cycle May 21, 2013
- May 21, 2013 – Quote of the Day May 21, 2013
- Follow Up to Trade Alert – (GLD) May 20, 2013 May 20, 2013
- Trade Alert – (GLD) May 20, 2013 May 20, 2013
- May 20, 2013 May 20, 2013
- Introducing the Mad Day Trader May 20, 2013
- A Special Note to Trade Alert Followers May 20, 2013
- Revisiting the First Silver Bubble May 20, 2013
- SOLD OUT! San Francisco November 4th Strategy Luncheon October 25, 2011
- My 2012-13 Stock Market Forecast. October 31, 2012
- Last Chance to Come Join Me for the Paris Strategy Luncheon – July 17, 2012 July 15, 2012
- Will Gold Coins Suffer the Fate of the $10,000 Bill? November 25, 2011
- My Personal Leading Economic Indicator November 25, 2011
- SOLD OUT! December 27 Chicago Strategy Luncheon December 22, 2011
- An Evening With the Chinese Intelligence Service December 25, 2011
- Take a Look at Occidental Petroleum (OXY) December 26, 2011
- Another Nail in the Euro Coffin January 16, 2012
- Sold Out! Las Vegas January 27, 2012 Strategy Luncheon January 23, 2012