?I don?t know who spends more, Democrats or Republicans, but Democrats seem to enjoy it more,? said former Federal Reserve governor, Bob McTeer.
?Bonds are priced artificially because you?ve got some guy buying $85 billion a month. That will change at some point, and when it does, people are going to lose a lot of money,? said oracle of Omaha, Warren Buffett.
?The private economy is OK here. It is absorbing these body blows from Washington. Housing and energy could offset the shenanigans coming out of there,? said Stephen Wood, CIO with Russell Investments Group.
?You cannot trust bankers to control themselves. They?re like heroin addicts,? said Berkshire Hathaway Vice Chairman, Charlie Munger.
?The investor in America sits at the bottom of the food chain,? said John C. Bogle, founder of the Vanguard Group of index funds.
?At some point in 2013, knuckles are going to be turning white, and we'll see whatever rabbits Ben Bernanke is going to have to pull out of his hat,? said David Rosenberg of Gluskin, Sheff & Associates.
?When asked how he manages the time to be chairman of Microsoft, run the world?s largest charity, and raise three kids, Bill Gates answered ?I don?t mow the lawn.?
?I think we?re headed towards VAT taxes. It?s only a question of how long it takes for them to wake up and figure it out. You can?t tax the wealthy enough to close the budget deficit we have,? said Leon Cooperman of hedge fund Omega Advisors.
?It's very difficult to navigate a business through a paradigm shift. You must hard wire your system to second guess all the time, questioning what is next, and then what is next. You've got to retain optionality for both investment portfolios and the business your run to navigate this well,? said Mohamed El-Erian, co-chairman of the bond house PIMCO.
?Never go to a fight you are invited to,? said famed short player, Jim Chanos, of Kynikos Associates.
