By now, we have all become experts in offshoring, the practice whereby American companies relocate manufacturing jobs overseas to take advantage of low wages, missing unions, the lack of regulation, and the paucity of environmental controls. The strategy has been by far the largest source of new profits enjoyed by big companies for the past
“The only surprise to me is that so many people were surprised,” said Nobel Prize winning economist Joseph Stiglitz, about the financial crisis he predicted.
Thank John for his ceaseless banter. I enjoy this service so much. Great stories!!!! I hope our paths cross soon. Thank you. Bill North Carolina
"The future ain't what it used to be," said the former New York Yankees baseball manager, Yogi Berra.
"Technology has outrun the ability of the market to handle it. When the next bear market comes, there could be a messy affair," said my friend and client Leon Cooperman of hedge fund Omega Advisors.
“I wouldn’t want to see everyone get down to where Detroit is before we declare a bottom in residential housing,” said David Blitzer, former chairman of the S&P 500 Index Committee.
"If there were no way to short stocks, the probability of stock market bubbles would be much greater," said hedge fund manager, Bill Ackman, of Pershing Square.
"The greatest show on earth is happening elsewhere. Southern trade is becoming turbocharged," said Stephen King, chief economist at HSBC, about the enormous new trading routes forming between Asia and Latin America, who calls the network the "Southern Silk Road"
“What we really have to do is get back to fundamentals, and for most Americans that means working for a living and not investing for a living.” said Tom Barrack, CEO of Colony Capital, and a former principal of the Bass Group.
“At last the lake burst upon us—a noble sheet of blue water walled in by a rim of snow clad mountain peaks….as it lay there with the shadows of the mountains brilliantly photographed on its surface I thought it surely be the fairest picture the whole earth affords,” said the American writer, Mark Twain, on