Market Quotes - page 62
At the beginning of the Clinton administration in the early 1990s, adviser James Carville was stunned at the power the bond market had over the government. If he came back, Carville said: I used to think if there was reincarnation, I wanted to come back as the president or the pope or a .400 baseball hitter. But now I want to come back as the bond market. You can intimidate everybody.
James Carville
I think the Canadian people have a right to know: Why, when your primary objective was to get unfettered and secure access into the American Market we didn't get it. Why you didn't put clauses in to protect our social programs in this negotiation we'll have on the definition of subsidies where the heavy weight of the American Republic will be put in against us. Why did that not happen? Why also, did we get a situation where we surrendered our Energy policy to the United States, something which they'd been trying to achieve since 1956? Why did we abandon our farmers? Why did we open our Capital Markets so that a Canadian Bank can be bought up and we don't have reciprocal rights into the American Market at all? And why did you remove any ability to control the Canadian ownership of our businesses? These are questions that Canadians deserve to have an answer to, and we have not had an opportunity in six hours to deal with them in a way that would make you come out of your shell!
John Turner
The generally accepted view is that markets are always right -- that is, market prices tend to discount future developments accurately even when it is unclear what those developments are. I start with the opposite view. I believe the market prices are always wrong in the sense that they present a biased view of the future.
George Soros
It is better to have a cat and mouse game where the cat has the upper hand than a cat and mouse game where the mice are ruling. Because the latter means that the market participants are given free range. That was actually the big misconception of our national hero Ronald Reagan, who always talked about the magic of the market.
George Soros
How good are markets in predicting real-world developments? Reading the record, it is striking how many calamities that I anticipated did not in fact materialise.
Financial markets constantly anticipate events, both on the positive and on the negative side, which fail to materialise exactly because they have been anticipated.
It is an old joke that the stock market has predicted seven of the last two recessions. Markets are often wrong.
George Soros
The fact that a thesis is flawed does not mean that we should not invest in it as long as other people believe in it and there is a large group of people left to be convinced. The point was made by John Maynard Keynes when he compared the stock market to a beauty contest where the winner is not the most beautiful contestant but the one whom the greatest number of people consider beautiful. Where I have something significant to add is in pointing out that it pays to look for the flaws; if we find them, we are ahead of the game because we can limit our losses when the market also discovers what we already know. It is when we are unaware of what could go wrong that we have to worry.
George Soros
We need to maintain law and order. We need to maintain peace in the world. We need to protect the environment. We need to have some degree of social justice, equality of opportunity. The markets are not designed to take care of those needs. That's a political process. And the market fundamentalists have managed to reduce providing those public goods.
George Soros
Most of the poverty and misery in the world is due to bad government, lack of democracy, weak states, internal strife, and so on. We do need to intervene, to improve political and economic conditions inside countries that have bad governments, where people are suffering.
One way of doing this, without violating sovereignty, is through constructive actions - reinforcements and incentives for countries that are moving in the right direction, toward an open society, a market economy, et cetera. That is what I'm advocating. I'm advocating preventive action of a constructive nature. And I would use military force only as the very last resort, when nothing else works.
George Soros
Ken also identified the corporation, not "the market,” as the defining institution of modern economic activity, developing these and related themes both in his teaching and in such widely celebrated books as American Capitalism (1952) and The New Industrial State (1967). But his interest in these ideas persisted throughout his life. The central importance of the corporation, and the fear that government was no longer able to provide an adequate countervailing force against corporate influence exerted both legally and otherwise, was the subject of his last book, The Economics of Innocent Fraud.
Amartya Sen
After 9/11, many of the most important news outlets in America abdicated their role as a check to power - the journalistic responsibility to challenge the excesses of government - for fear of being seen as unpatriotic and punished in the market during a period of heightened nationalism.
Edward Snowden
Do we have a free press today? Sure we do. It's free to report all the sex scandals it wants, all the stock market news we can handle, every new health fad that comes down the pike, and every celebrity marriage or divorce that happens. But when it comes to the real down and dirty stuff-stories like Tailwind, the October Surprise, the El Mozote massacre, corporate corruption, or CIA involvement in drug trafficking-that's where we begin to see the limits of our freedoms. In today's media environment, sadly, such stories are not even open for discussion. Back in 1938, when fascism was sweeping Europe, legendary investigative reporter George Seldes observed that "it is possible to fool all the people all the time-when government and press cooperate.”.
Gary Webb
I'm your narrator. It's my task to say
Just where and how things happen in our play,
Set the bare stage with words instead of props
And keep on talking till the curtain drops. ...
It's an old task - old as the human heart,
Old as those bygone players and their art
Who, in old days when faith was nearer earth,
Played out the mystery of Jesus' birth
In hall or village green or market square
For all who chose to come and see them there,
And, if they knew that King Herod, in his crown,
Was really Wat, the cobbler of the town,
And Tom, the fool, played Abraham the Wise,
They did not care. They saw with other eyes.
The story was their own - not far away,
As real as if it happened yesterday,
Full of all awe and wonder yet so near,
A marvelous thing that could have happened here
In their own town - a star that could have blazed
On their own shepherds, leaving them amazed,
Frightened and questioning and following still
To the bare stable - and the miracle.
Stephen Vincent Benét
