The Economy Thread

[Oleander Ardens]

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"



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

[Lemur]

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

[Oleander Ardens]

Nice:

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


I will check out the source

[Vladimir]

Source? Check out the quote. Lost in translation?

[Louis VI the Fat]

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.

[Oleander Ardens]

"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. . ."