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August 24, 2012 – Quote of the Day

“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.

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August 23, 2012 – Quote of the Day

“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.

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August 22, 2012 – Quote of the Day

“Rock stars get room keys. I get business cards,” said New York Times columnist, Tom Friedman, and author of the book, That Used To Be US.

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August 21, 2012 – Quote of the Day

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.

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August 20, 2012 – Quote of the Day

“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.

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August 16, 2012 – 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 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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