It's hard to tell which assets will be toxic. The best way to ensure that only shareholders and banks feel it is have adequate capital.
I was a good amateur but only an average professional. I soon realized that there was a limit to how far I could rise in the music business, so I left the band and enrolled at New York University.
One of the problems with hedge funds is that they are changing so rapidly. If you have the balance sheet that closed business last night, by 11 A.M. this morning, that won't tell you very much about what they're doing.
Agar berhasil, Anda akan segera belajar, seperti yang saya lakukan, pentingnya landasan yang kokoh dalam dasar-dasar pendidikan - literasi, baik verbal maupun numerik, dan keterampilan komunikasi.
I don't know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we've been talking about today or anything anybody else was talking about.
I was sort of shocked when it all of a sudden turned out that I got all A's through college, with the exception of two B's in the first term. I never envisaged myself as summa cum laude.
Lihat, saya sangat mendukung pemotongan pajak, tetapi tidak dengan uang pinjaman. Dan masalah yang kita hadapi dalam beberapa tahun terakhir adalah menghabiskan program dengan uang pinjaman, pemotongan pajak dengan uang pinjaman, dan pada akhirnya terbukti berbahaya. Dan menurut saya, saya tidak berpikir kita bisa memainkan kebijakan yang halus di sini.
Saya telah keluar-masuk Wall Street sejak 1949, dan saya belum pernah melihat jenis permusuhan antara pemerintah dan Wall Street. Dan saya tidak yakin dari mana asalnya, tetapi saya curiga ini ada hubungannya dengan perpecahan umum dalam masyarakat ini yang benar-benar menjadi semakin merusak.
The only way you get economic progress, real standards of living moving higher, is to have the savings of the society continuously invested in the cutting-edge technologies. And those technologies which are obsolescent get dropped out.
Crony capitalism is essentially a condition in which... public officials are giving favours to people in the private sector in payment of political favours.
The central focus of what we are doing at the Fed is to keep inflation from accelerating - and preferably decelerating.
In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.
The only way to have several currencies from divergent nations lumped together is if they are culturally close, such as Germany, the Netherlands and Austria. If they aren't, it simply can't continue to work.
I've been around long enough to know that a good deal of the praise heaped on me I had nothing to do with. The only thing I did object to was the fact that where the criticism was actually wrong. Did it bother me? Of course it bothered me. But I've been around long enough to have ups and downs. So you get over it.
Pertama anda tidak senang bekerja disana jika tidak ada sesuatu yang menarik yang mendasarinya. Isu yang semakin terbukti adalah sejumlah distribusi barang dan jasa yang signifikan bagi negara ini mengalami pergerakan dari saluran konvensional menuju bentuk system internet.
Fear is a far more dominant force in human behaviour than euphoria - I would never have expected that or given it a moment's thought before, but it shows up in the data in so many ways.