?Changes in consumption stemming from per capita income rises from $1,000 a year to $5,000, as you are seeing in India, or $5,000 to $10,000, as you are seeing in China, is a very different kind of consumption. It is much more commodities heavy, it is food heavy, it draws a lot more on water supplies,? said Ian Bremmer, president of the Eurasia Group, an New York Based think tank.
?There is no such thing as a ?Norm? anymore,? said Irwin Simon, CEO of Hain Celestial.
?You can?t keep on firing people. We?ve gotten so mean and so lean that you naturally get to the point where there are fewer people to let go,? said Steve Ricchiuto, chief economist at Mizuho Securities.
?I looked all over the basement when I was at the White House, and there is no big lever you can throw to make things good again,? said Austin Goolsby, former chairman of the Council of Economic Advisors.
?The journey is the reward,? said the late Apple founder, Steve Jobs.
?Apple will never be a consumer products company,? said John Sculley, the Apple CEO who fired Steve Jobs in 1985. Today Apple is the world?s largest and most profitable consumer products company.
?Oh wow, Oh wow, Oh wow!? Were the last words of Apple founder, Steve Jobs.
?The next big story in credit is going to come from Asia and that will be in Japan,? said Tres Knippa of Kenai Capital Management.
You?ve already seen Greek bonds fall by 90%. The dominoes in Europe will fall. There?s no way around it. Imagine a group of countries that have been fighting for 200 years suddenly ceding their sovereignty to Germany, or to some other higher authority,? said Kyle Bass of hedge fund Hayman Capital Management.
?I look at the Fed and think we?re partying like its New Year?s Eve, 1999. We?re drinking booze, and taking tequila shots. They have the pedal pressed so far down, I know it?s going to end badly. When rates go higher, they are going to go so much higher than people anticipate that there will be significant collateral damage,? said Joe Lavorgna, Deutsche Bank Chief Economic.
