“Half of the global economy is in recession. Euroland is, Russia certainly is, and all of South America is. Add them all up, and North America is the only decent 2.5% growth area in the world. Rates are going down, not only because of the absence of global growth, but because inflation is very, very low,” said Bill Gross, CEO of bond giant PIMCO.
"Only losers average losers," said my friend and former client, trading legend Paul Tudor Jones.
“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.
“Over the long term, all of the fiat currencies of the world are involved in a competitive devaluation. The structural stresses in most of the western economies are such that central banks will attempt to continue to substitute liquidity for solvency,” said Rick Rule, director, president and CEO of Sprott U.S. Holdings, a precious metals specialist.
“There is no sign of a recession anywhere,” a major bank economist told me in September 2007.
“There’s a lot of performance anxiety out there right now. There’s nothing worse than sitting on cash watching a market go up double digits,” said Tom Lee, chief US equity strategist of JP Morgan.
“The French have more fun in one year than the English do in ten,” said John Adams, America’s second president, and one-time ambassador to Paris and London.
“This turning 80 thing is not all it’s cracked up to be,” said Rolling Stones legend Mick Jagger.
“The car business is hell,” said founder Elon Musk, when announcing he would sleep in the Fremont Tesla factory until Model S production reached 2,500 units a week.
“If you’ve lived long enough on Wall Street, you know that we shoot our wounded and eat our young,” said Brad Hintz, an analyst with Sandford Bernstein.