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August 23, 2013 – Quote of the Day

“The next time we have a global economic crisis it will be much worse than in 2008. There will be money printing and war. The whole system will collapse. You don’t want to own government bonds and cash. Equities don’t do well, but at least you still have the ownership of companies. Precious metals do […]

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August 22, 2013 – Quote of the Day

“The Fed can print dollars, but it can’t print confidence,” said David Bianco, chief equity strategist at Bank of America Merrill Lynch.

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August 21, 2013 – Quote of the Day

“This is about how long grandpa will work and grandma will live,” said CNBC commentator Steve Leesman about the debt crisis.

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August 20, 2013 – Quote of the Day

“We’re all just one trade away from humility, Bud,” said a stockbroker in the classic film, Wall Street.

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August 19, 2013 – Quote of the Day

“The bond market in Europe will be facing episodic crisis for the next ten years,” said Bob Browne, CIO at North Trust.

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August 16, 2013 – Quote of the Day

“Lacking standards, managements are tempted to shoot the arrow of performance, and then paint the bull’s eye around wherever it lands,” ” said “Oracle of Omaha”, Warren Buffet, CEO and the largest shareholder in Berkshire Hathaway.

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August 15, 2013 – Quote of the Day

“A house can be a nightmare if the buyer’s eyes are bigger than his wallet and if a lender –often protected by a government guarantee—facilitates his fantasy,” said Warren Buffet.

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August 14, 2013 – Quote of the Day

“Bankers will get away with whatever they can get away with…Our banking system is socially useless,” said an oversight body in the United Kingdom.

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August 13, 2013 – Quote of the Day

“Money will always flow towards opportunity, and there is an abundance of that in America….America’s best days lie ahead” said “Oracle of Omaha”, Warren Buffet, CEO and the largest shareholder in Berkshire Hathaway.

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August 12, 2013 – Quote of the Day

“Liquidity is not a financial term, it is a psychological term,” said former Federal Reserve governor Alan Greenspan.

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August 9, 2013 – Quote of the Day

“Banks have turned into gigantic gambling institutions. You never know what you own. I wouldn’t touch them if you pointed a gun to my head,” said legendary hedge fund manager Bill Fleckenstein on Hedge Fund Radio.

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August 8, 2013 – Quote of the Day

“Unfortunately, the guys who regulate are always regulating last year’s game,” said Mario Gabelli, CEO of Gabelli Asset Management.

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August 7, 2013 – Quote of the Day

“There is one peculiarity about mass psychology in that when you are in a bubble, you can’t see it. Bubbles are invisible when you are inside the bubble,” said the charming Jim Dines, of The Dines Letter.

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August 6, 2013 – Quote of the Day

If you can get a dividend higher than the yield on ten-year debt, it’s an opportunity we haven’t seen in our lifetime. On a five-year horizon, investing in large multinationals with high dividends will have a large payday,” said Lawrence Fink, CEO of BlackRock.

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August 5, 2013 – Quote of the Day

“People think that Treasury bonds are riskless, but a 100 basis point rise in interest rates leads to an 18% capital loss,” said Andrew Neale, a portfolio manager at Fogel Neale Partners.

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