Category Archives: Quote of the Day

Quote of the Day: Lightning Speed Economics

Posted on September 19, 2011 by macromon

In today’s FT column Larry Summers quotes our late friend Rudiger Dornbusch, In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could.

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Quote of the Day: Guessing Game

Posted on September 6, 2011 by macromon

The problem we have now is that stocks need to prove themselves. There just isn’t any reason to believe that the lows are going to hold at this point. It certainly is possible, but at this point all you can … Continue reading →

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Quote of the Day: Amen!

Posted on September 1, 2011 by macromon

“Just consider what levels of debt we are passing on to future generations.  This isn’t responsible, politically, morally or ethically.” – Juergen Stark, ECB

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Quote of the Day: Facebook and Narcissism

Posted on August 28, 2011 by macromon

Technology Review has a great little piece, Where Is the Facebook for Old People? Here’s the money quote: Where is the online social networking equivalent of the Jitterbug phone? Easy to use, foolproof, and designed, more than anything, to keep … Continue reading →

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Quote of the Day: Markets and the Debt Deal

Posted on August 2, 2011 by macromon

“They told me if I voted against the debt ceiling bill the stock market would tank and gold would soar.  I voted against the deal and they were sure spot on!” — Unknown Congressman

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Quote of the Day: Brussels, We Have a Problem

Posted on July 11, 2011 by macromon

According to current banking regulations, sovereign credits are considered “risk-free.”   This means that banks can take on as much sovereign credit risk as they like without setting aside any capital.  Under such a structure, selling short CDS protection is akin … Continue reading →

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Quote of the Day: Golf’s Fat Tail

Posted on June 19, 2011 by macromon

“The probability of Northern Ireland producing back-to-back U.S. Open champions is a lottery number, it’s bigger than that.” – Graeme McDowell

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Quote of the Day: Stock Gurus

Posted on June 14, 2011 by macromon

The secret to being a stock market guru isn’t to be correct but to make very loud and frequent predictions. As soon as the market moves in your direction you proclaim victory. The key is to make sure that no … Continue reading →

Posted in Equities, Quote of the Day, Quotes | Tagged , | 3 Comments

Quote of the Day: SecTreas Gets It

Posted on May 19, 2011 by macromon

There is no way of knowing how long financial markets will give the American political system to get ahead of this [fiscal/sovereign debt] problem.  But it makes no sense for us to wait until they force action upon us.   … Continue reading →

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Quote(s) of the Day: Living in (Sur)reality

Posted on May 18, 2011 by macromon

“Greece is solvent” — Juergen Stark,  ECB Chief Economist ¡Defenderé el peso como un perro! – “I will defend the peso like a dog!” – José López Portillo,  President of Mexico 1976-82 Liquid?  Yes.  Solvent?  No, unless Greece is willing … Continue reading →

Posted in Black Swan Watch, Euro, Quote of the Day, Quotes, Sovereign Debt, Sovereign Risk | Tagged , , , | 3 Comments