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.
?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.
?Liquidity is not a financial term, it is a psychological term,? said former Federal Reserve governor Alan Greenspan.
?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.
?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.
?We?re getting three business cycles a week with this kind of volatility,? said Kevin Ferry of Cronus Futures.
?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.
?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.
?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.
?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.
