All Japan, All the Time
May 18, 2013
The evils of this deluge of paper money are not to be removed until our citizens are generally and radically instructed in their cause and consequences, and silence by their authority the interested clamors and sophistry of speculating, shaving, and banking institutions. Till then we must be content to return, quo ad hoc, to the savage state, to recur to barter in the exchange of our property, for want of a stable, common measure of value, that now in use being less fixed than the beads and wampum of the Indian, and to deliver up our citizens, their property and their labor, passive victims to the swindling tricks of bankers and mountebankers.
–Thomas Jefferson, in a letter to John Adams, 21 March 1819
I am definitely bullish. The budget deficit is shrinking massively. Guys who are short, they better have a shovel to get out of the grave.
–David Tepper, Appaloosa Management LP, CNBC, 14 May 2013
Never have investors reached so high in price for so low a return. Never have investors stooped so low for so much risk.
–Bill Gross, PIMCO, 14 May 2013
We can rightly declare victory on the housing front and (reduce) our purchases, with the aim of eliminating them entirely as the year wears on. I believe the efficacy of continued purchases is questionable.
–Richard Fisher, president of the Dallas Federal Reserve Bank, National Association for Business Economics, 16 May 2013
It will take further gains to convince me that the "substantial improvement" test for...