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January 22, 2014 – Quote of the Day

“The red light on a television camera going on has the same effect on members of congress as a full moon does on werewolves,” said former Secretary of Defense, Robert Gates.

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January 21, 2014 – Quote of the Day

“In the last 40 years, our record at predicting where we would use military force next is perfect. We’ve never once gotten it right,” said former Secretary of Defense Robert Gates.

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January 17, 2014 – Quote of the Day

“There are two giant entities at work in our country, and they both have an amazing influence on our daily lives. . . one has given us radar, sonar, stereo, teletype, the transistor, hearing aids, artificial larynxes, talking movies, and the telephone. The other has given us the Civil War, the Spanish-American War, the First […]

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January 16, 2013 – Quote of the Day

“A government big enough to give you everything you want is strong enough to take everything you have,” said Thomas Jefferson, the third US president.

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January 15, 2014 – 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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January 14, 2014 – Quote of the Day

“If you have ten thousand regulations you destroy all respect for the law,” said the WWII British Prime Minister, Winston Churchill.

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January 13, 2014 – Quote of the Day

“If you put the federal government in charge of the Sahara Desert, in five years there’d be a shortage of sand,” said Nobel Prize winning economist, Milton Friedman

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January 10, 2014 – Quote of the Day

“Happiness is having a large, loving, caring, close-knit family in another city,” said the comedian, George Burns, who lived to over 100.

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January 9, 2014 – Quote of the Day

“The Clinton and Bush administrations had it right with regards to our relations with China. We need to draw red lines when necessary, and build bridges when possible,” said my friend, columnist Tom Friedman, of the New York Times.

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January 8, 2014 – Quote of the Day

“When you think you know more than everyone else about the consumer, you’re in trouble,” said Mickie Drexler, the legendary CEO of J Crew and Apple board member.

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January 6, 2014 – Quote of the Day

“No matter who wins the election, we still have a lot of wood to chop. There is no way we continue to run huge deficits without a severe market consequence,” said my old friend and former client, Leon Cooperman, CEO of mega hedge fund Omega Advisors.  

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January 3, 2014 – Quote of the Day

“The Fed only knows two speeds; too fast, and too slow,” said Nobel Prize winning economist Milton Friedman to me over lunch one day.

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January 2, 2014 – 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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December 31, 2013 – 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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December 30, 2013 – Quote of the Day

“We’re 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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