That said, there can be little doubt that exceptionally low interest rates on ten-year Treasury notes, and hence on home mortgages, have been a major factor in the recent surge of homebuilding and home turnover, and especially in the steep climb in home prices. Although a 'bubble' in home prices for the nation as a whole does not appear likely, there do appear to be, at a minimum, signs of froth in some local markets where home prices seem to have risen to unsustainable levels.
Alan GreenspanRelated topics
appear bubble climb doubt factor froth home interest likely local low major minimum nation recent rise say steep surge treasury turnover homebuilding notes ratesRelated quotes
My reluctance to use alien invasion is due to the feeling that we are not likely to be invaded and taken over. It would seem to me that by the time a race has achieved deep space capability it would have matured to a point where it would have no thought of dominating another intelligent species. Further than this, there should be no economic necessity of its doing so. By the time it was able to go into deep space, it must have arrived at an energy source which would not be based on planetary natural resources.
Clifford D. Simak
Although I am still in favour of a National Government in these difficult times, and shall probably be found in the great majority of cases in the Government Lobby, there are some issues that have arisen, or are likely to arise, upon which I am unable to give the Government the support which it has, perhaps, the right to expect from those receiving the Government Whip. It occurs to me, therefore, that it would perhaps be more satisfactory if I was no longer regarded as being among the supporters of the present Administration.
Harold Macmillan
Some of the environmental lobbyists of the western nations are the salt of the earth, but many of them are elitists. They have never experienced the physical sensation of hunger. They do their lobbying from comfortable office suites in Washington or Brussels. If they lived just one month amid the misery of the developing world, as I have for fifty years, they would be crying out for tractors, and fertilizer, and irrigation canals, and be outraged that fashionable elitists back home were trying to deny them these things.
Norman Borlaug
All the real money in investment will have to be made-as most of it has been in the past- not out of buying and selling but out of owning and holding securities, receiving interests and dividends therein, and benefiting from their long-term increases in value. Hence stockholder's major energies and wisdom as investors should be directed toward assuring themselves of the best operating results from their corporations. This in turn means assuring themselves of fully honest and competent managements.
Benjamin Graham
"To put it in gentleman's terms if you've been out for a night and you're looking for a young lady and you pull one, some weeks they're good looking and some weeks they're not the best. Our performance today would have been not the best looking bird but at least we got her in the taxi. She wasn't the best looking lady we ended up taking home but she was very pleasant and very nice, so thanks very much, let's have a coffee"
- on the "ugly" win against Chesterfield.
Ian Holloway
