September 20, 2012 -- Quote of the Day.
?The reality is that the iPhone 5 is going to do more for the economy than QE3,? said Kevin Warsh, a former Federal Reserve governor.
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?The reality is that the iPhone 5 is going to do more for the economy than QE3,? said Kevin Warsh, a former Federal Reserve governor.
Since Ben Bernanke?s announcement of QE3 last week, new forecasts for gold have been popping up like acne at a high school prom. They range from the conservative to the absurd, from $1,900 to $55,000. But they all have one thing in common: higher. Before you head down to the local coin store to load
I am constantly barraged with emails from gold bugs who passionately argue that their beloved metal is trading at a tiny fraction of its true value, and that the barbaric relic is really worth $5,000, $10,000, or even $50,000 an ounce (GLD). They claim the move in the yellow metal we are seeing is only
I really like your daily take on the markets and world issues. You have earned your stripes over and over. You are a statesman of the money world. I will see you on your next visit to Seattle. Stay safe, Mike Seattle, Washington
?The old yardsticks don?t seem to be working anymore,? said Art Cashin, a strategist at UBS.
I think that Ben Bernanke?s QE3 is such a game changer, that we have to throw all existing strategies into the trash and start all over again from scratch. ?Suddenly, investors and traders have to face the prospect of adding $500 billion to $1 trillion to the Fed?s balance sheet, taking it to a record
As opposed to the mentality of the last couple of years where you faded every piece of good news, we may be moving to a period where you fade the bad news because you know there is a clear game plan below it,? Jim O?Neill, chairman of Goldman Sachs International in London.
In view of Federal Reserve Chairman, Ben Bernanke, yesterday: ?it is time to reassess one?s investment strategy. ?The former Princeton professor didn?t give us QE3, he gave us QE3 with a turbocharger, on steroids, with an extra dose of adrenaline. ?He could spend another $1 trillion before all is said and done. ?If ever an
I don?t just think he hates me, he truly despises me. ?In fact, he does everything he can to put me out of business. Take yesterday, for example, when the Federal Reserve Open Market Committee gave me and my views a complete thrashing. ?QE3 was the last thing in the world I was expecting because
?Let all men know how empty and worthless is the power of kings,? said King Cnut, a 10th century ruler of Denmark and England.
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