?The policies that we followed since the great crash of 2008 have been pretty darn good. It would be nicer if GDP were galloping at 4% or 5%. But we have had a complete resuscitation of the banking system. We?ve had the economy come back in a very significant way in all cases, except residential construction. Most of our businesses are having record earnings,? said Berkshire Hathaway?s Warren Buffett.
?It?s not the end of the world, but it will be one messy process,? said Oracle of Omaha, Warren Buffett, about the European debt crisis.
?Regulation is complicated and annoying, but it is civilization,? said Yale professor, Robert Shiller.
Bank of America is out of control, yet they?ll never do any time or go out of business, because the government remains creepily committed to their survival, like overindulgent parents who refuse to believe their 40-year-old live at home son could possibly be responsible for those dead hookers in the back yard,? said Matt Taibbi, the muck racking financial journalist for Rolling Stone magazine.
Business people will know better than anyone that the pop in spending won?t last,? said John Taylor, an economics professor at Stanford University.
?Isn?t it funny when you walk into an investment firm, and you see all of the financial advisors watching CNBC? That gives me the same feeling of confidence I would have if I walked into the Mayo Clinic or Sloan Kettering and all of the doctors were watching the TV soap opera General Hospital,? said a bond manager friend.
?If there is no monetary stimulus and no fiscal stimulus, obviously we are going to continue to grow slowly. We could be in secularly slow growth for decades,? said Harvard economics professor, Ken Rogoff.
?If you want to succeed, double your failure rate,? said Thomas Watson, the CEO who built IBM into a global force from the twenties to the fifties. He also said, ?I think there is a world market for maybe five computers.?
?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 2011, 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
