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February 22, 2012 – Quote of the Day

“The transition from a levering, asset-inflating secular economy to a post bubble delivering era may be as difficult for one to imagine as our departure into the hereafter,” said PIMCO managing director, Bill Gross, the world’s largest bond manager.

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February 17, 2012 – Quote of the Day

“A central bank is best that governs least, but is prepared to govern radically when called upon,” said 19th century man of letters, Walter Bagehot, an early editor of The Economist

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February 16, 2012 – Quote of the Day

“When you talk to private clients, they are nowhere near putting money into equities yet. You can’t even get them to understand dividend growth, let alone buying equities, because they are still worried about losing money. People are going to be very emotional. This is going to be a year of volatility until proven otherwise,” […]

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February 15, 2012 – 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 Black Rock.

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February 14, 2012 – 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. Click on my “Podcast” page above to hear the interview.  

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February 13, 2012 – 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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February 10, 2012 – 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 9, 2012 – Quote of the Day

“We’ll still operating off of Jackson Hole, 2011 when Ben Bernanke delivered his famous speech preceding quantitative easing,” said foreign exchange trader, Ira Harris.

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February 8, 2012 – 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 7, 2012 – 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 6, 2012 – Quote of the Day

“Under current law there will be a massive fiscal contraction in 2013,” said Ben Bernanke, chairman of the Federal Reserve.

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February 2, 2012 – Quote of the Day

“The only way out for Europe is to devalue the Euro to help the peripheral countries,” said Scott Minerd, chief investment officer at Guggenheim Partners.

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February 1, 2012 – Quote of the Day

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

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January 31, 2012 – Quote of the Day

“People are investing with a rear view mirror. Last year, you had people legitimately scared out of the market. Unfortunately, you are losing a generation of investors at a time when they ‘out to be thinking about buying high quality stocks,” said Hersh Cohen of Clearbridge Advisors.

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January 30, 2012 – Quote of the Day

“The next big story in credit is going to come from Asia and that will be in Japan,” said Tres Knippa of Kenai Capital Management.

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