Over the past 7 years, we've tried to modernize the economy, and today what we're doing is modernizing the financial services industry, tearing down these antiquated walls, and granting banks significant new authority.
I talk to hundreds of companies a year and spend hour after hour in heady pow-wows with CEOs, financial analysts and my colleagues in the mutual-fund business, but I stumble onto the big winners in extracurricular situations, the same way you do.
And finally, no matter how good the science gets, there are problems that inevitably depend on judgment, on art, on a feel for financial markets.
Even in such a time of madness as the late twenties, a great many man in Wall Street remained quite sane. But they also remained very quiet. The sense of responsibility in the financial community for the community as a whole is not small. It is nearly nil. Perhaps this is inherent. In a community where the primary concern is making money, one of the necessary rules is to live and let live. To speak out against madness may be to ruin those who have succumbed to it. So the wise in Wall Street are nearly always silent. The foolish thus have the field to themselves. None rebukes them.
We met financial expectations for the quarter in a difficult economic environment. We also signed a two-year programming agreement with Home & Garden Television to launch two new cable television series, and launched the Martha Stewart Kids magazine These initiatives provide future revenue and earnings growth for the brand and build long-term value for shareholders.
Finding the best person or the best organization to invest your money is one of the most important financial decisions you'll ever make.
I submit that the Government exists to provide for the needs of the people, and when it comes to choice between profits and property rights on the one hand and human welfare on the other, there should be no hesitation whatsoever in saying that we are going to place the human welfare consideration first and let property rights and financial interests fare as best they may.
Your goal, as a creative investor, is to launch your ship into financial orbit ... and then put it on automatic pilot.
You have to say that we are again in a massive financial bubble in bonds, in equities, in [other] asset prices that have gone up dramatically.
Edward Conard provides a provocative interpretation of the causes of the global financial crisis and the policies needed to return to rapid growth. Whether you agree or not, this analysis is well worth reading.
The financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again.
The impact on the broader economy and financial markets of the problems in the subprime markets seems likely to be contained.
We do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system.
I and others were mistaken early on in saying that the subprime crisis would be contained. The causal relationship between the housing problem and the broad financial system was very complex and difficult to predict.
There is definitely going to be another financial crisis around the corner because we haven’t solved any of the things that caused the previous crisis.
There really are two Americas, one for the grifter class and one for everybody else. In everybody-else land, the world of small businesses and wage-earning employees, the government is something to be avoided, an overwhelming, all-powerful entity whose attentions usually presage some kind of financial setback, if not complete ruin. In the grifter world, however, government is a slavish lapdog that the financial companies that will be the major players in this book use as a tool for making money.
A farm regulated to production of raw commodities is not a farm at all. It is a temporary blip until the land is used up, the water polluted, the neighbors nauseated, and the air unbreathable. The farmhouse, the concrete, the machinery, and outbuildings become relics of a bygone vibrancy when another family farm moves to the city financial centers for relief.
Kevin Freeman has been warning America’s leadership of the dangers of financial terrorism for the last three years. It is happening now and Kevin provides the evidence in his book Secret Weapon. Every American needs to understand how our financial markets have been manipulated by people who want to destroy the nation and how they can do even greater damage in the future. This book is a critical read for everyone.
If climate change issues are not adequately addressed—if we keep running those nice energy subsidies, if the price on carbon is not adequately set, if policymakers don’t have it on their radar screens—then financial stability in the medium and long-term is clearly at stake.
To use legal or financial constraint to compel either abstention or submission, is entirely horrible, unnatural and absurd.
When God tells us to give extravagantly, we can trust Him to do the same in our lives. And this is really the core issue of it all. Do we trust Him? Do we trust Jesus when He tells us to give radically for the sake of the poor? Do we trust Him to provide for us when we begin using the resources He has given us to provide for others? Do we trust Him to know what is best for our lives, our families, and our financial futures?
As part of my efforts to fight identity theft, I worked with my colleagues on the Financial Services Committee to strengthen consumer protection with a reasonable notification requirement.
I give thanks that I am now rich, well and happy and that my financial affairs are in divine order. Every day in every way I am growing richer and richer.
I think it could have real changing effects on the financial markets of our country, it could cause investors to think more about real rates of return and that in turn could spawn new kinds of products.
We simply cannot afford any further delay in providing the IMF with the resources it requires to help contain the threat of further financial and political instability around the world.
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