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March 1, 2013 – Quote of the Day

“Those who expect double digit returns going forwards are going to be severely disappointed,” said Bill Gross, CEO of bond giant, PIMCO.

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February 28, 2013 – Quote of the Day

“When former president, Jimmy Carter, once addressed a graduating class in Japan, they suddenly broke out into wild laughter. He later insisted that the interpreter tell him what he said. After much prodding, he confessed “I said the president has just told a joke, and you must laugh.”

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February 27, 2013 – Quote of the Day

‘Total credit market debt in the world has gone from $80 trillion to $200 trillion in the last ten years, an 11% annual rate, while GDP has grown by 4%. This can’t continue. It’s a simple matter of arithmetic,’ said Kyle Bass, of hedge fund Hayman Partners.

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February 26, 2013 – Quote of the Day

“You can reduce discretionary spending down to zero and it won’t have much impact on our fiscal problems because it’s such a small proportion of the total,” said Ben Bernanke, chairman of the Federal Reserve.

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February 26, 2014 – Quote of the Day

“Bull markets go everywhere from 1-2 years to five years after the Fed begins tightening. We’ve got a long way to go before we have to worry about bonds competing against stocks,” said Professor Jeremy Siegel of the Wharton School of Business

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February 25, 2013 – Quote of the Day

“Over the long term, all of the fiat currencies of the world are involved in a competitive devaluation. The structural stresses in most of the western economies are such that centrals banks will attempt to continue to substitute liquidity for solvency.” said Rick Rule, chairman of Sprott US Holdings, a precious metals specialist.

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February 22, 2013 – Quote of the Day

“Changes in consumption stemming from per capita income rises from $1,000 a year to $5,000, as you are seeing in India, or $5,000 to $10,000, as you are seeing in China, is a very different kind of consumption. It is much more commodities heavy, it is food heavy, it draws a lot more on water […]

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February 21, 2013 – Quote of the Day

“There is no such thing as a “Norm” anymore,” said Irwin Simon, CEO of Hain Celestial.

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February 20, 2013 – Quote of the Day

Favorite headline of the day: “Greece Offers to Pay Back Debt With Giant Horse.”

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February 19, 2013 – Quote of the Day

“The earth has been playing in heavy traffic for 4 billion years now, said Jeffrey Klugger, science editor of Time Magazine

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February 15, 2013 – Quote of the Day

“You can’t keep on firing people. We’ve gotten so mean and so lean that you naturally get to the point where there are fewer people to let go,” said Steve Ricchiuto, chief economist at Mizuho Securities.

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February 14, 2013 – Quote of the Day

“I looked all over the basement when I was at the White House, and there is no big lever you can throw to make things good again,” said Austin Goolsby, former chairman of the Council of Economic Advisors.

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February 13, 2013 – Quote of the Day

“The journey is the reward,” said the late Apple founder, Steve Jobs.

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February 11, 2013 – Quote of the Day

“Apple will never be a consumer products company,” said John Sculley, the Apple CEO who fired Steve Jobs in 1985. Today Apple is the world’s largest and most profitable consumer products company.

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February 8, 2013 – Quote of the Day

“Oh wow, Oh wow, Oh wow!” Were the last words of Apple founder, Steve Jobs.

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