The Economy Thread

I want to open a thread about the global economy by collecting quotes and predicitons. Note it isn't about advise, but about humour, crises, boom and doom and human nature.

So I start with two of my favorite quotes about Bernanke:

Marc Faber, January 2007 with swiss accent: " Mr. Bernake is a irresponsible moneyprinter, all he will do is printing and printing"

Jim Roger November 2007, after making similar statements before : " Mr. Bernake has written all his life about liquidity and now you have given him the printing machine. He will print money till the last tree"

:clown:

Do you have some nice quotes about a important person in our global economy?

An oldie but a goodie, and more of a general observation:

"Did you ever think that making a speech on economics is a lot like pissing down your leg? It seems hot to you, but it never does to anyone else."

-- Lyndon Johnson

Nice:

"The market can afford to be longer irrational than you will be solvent thinking you are right" :inquisitive:


I will check out the source :egypt:

Source? Check out the quote. Lost in translation? :inquisitive:

My favourite:

'If I owe you a thousand, I have got a problem. If I owe you a million, you have got a problem'.

From Keynes I think. Me, I am still looking for a sucker to borrow a million from so I can send him a note with the quote.

"Give me a one-armed economist!" demanded President Harry S. Truman.

President Truman was the first president to appoint a council of economic advisers. Unlike some later presidents, he actually liked to liste n to his policy advisers. However, he preferred a clear recommendation, not a long discussion of the advantages and disadvantages of a particular course of action.

He quickly grew tired of economist who gave a good recommendation, and then began, "On the other hand. . ."

:clown: