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August 15, 2012 – Quote of the Day

“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.

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August 13, 2012 – Quote of the Day

“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.

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August 9, 2012 – Quote of the Day

“We’re getting three business cycles a week with this kind of volatility,” said Kevin Ferry of Cronus Futures.

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August 8, 2012 – Quote of the Day

“It’s ironic that just as we break out of a three year trading range, the market is about to be hit by a sledge hammer,” said Dave Rovelli at Canaccord Genuity.

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August 7, 2012 – Quote of the Day

“There seems to be an impression that we can solve our problems without pain. There is no conceivable way that can happen,” said former Federal Reserve chairman, Alan Greenspan.

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August 6, 2012 – 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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August 3, 2012 – Quote of the Day

“It’s a bit like looking for gold in a minefield,” said Fidelity International’s China Special Situation Fund manager, Anthony Bolton, amid widespread accounting fraud in the country.

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August 2, 2012 – Quote of the Day

“The rule of thumb is to do your homework, do your analysis, and don’t give up prudent risk management for the sake of certain fads. Look for real valuations, and stay true to your time frames,” said Marc Chandler, the global head of currency strategy at Brown Brothers Harriman.

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August 1, 2012 – Quote of the Day

“The consumer in the United States has basically disappeared. There are no jobs, no wage increases, and therefore no spending,” said Bill Gross of bond giant, PIMCO.

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July 31, 2012 – Quote of the Day

“We didn’t get here by accident. America is the product of the greatest public/private partnership in the history of the world,” said Tom Friedman, international affairs columnist at the New York Times.  

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June 30, 2012 – Quote of the Day

“Computers crash, and you have to reboot them. That will happen to the global economy,” said Mark Faber, publisher of the Gloom, Boom, and Doom Report.

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July 27, 2012 – Quote of the Day

“Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate,” said Andrew W. Mellon, President Herbert Hoover’s Secretary of the Treasury. The Republicans did not win a presidential election for 20 years after that comment.

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June 26, 2012 – Quote of the Day

“ The modern Olympic Games are orgies of lachrymose nationalism. War by other means, warrior-athletes, watched by men in suits and uniforms….rogue California chemists running their eye popping, vein-clustered, vest stripping robots against degendered state laboratory freaks,” said author, Ian Sinclair, and outspoken critic of the Olympics.

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July 25, 2012 – Quote of the Day

“The biggest mistake you can make in a bear market is to cover your shorts too soon” he said.

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June 24, 2012 – Quote of the Day

“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.

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