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Finance Quotes

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Finance Quotes

“People in America get really angry at the Federal Reserve and at the "money system" in general during economic crises. The Fed draws hostility because of its power, its insulation from democratic accountability, its lack of transparency, and because of its historical and structural connections to finance.”

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Author:Gerald Epstein
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“Mr. Trump wants to turn the U.S. economy into the kind of real estate development that has made him so rich in New York. It will make his fellow developers rich, and it will make the banks that finance this infrastructure rich, but the people are going to have to pay for it in a much higher cost for transportation, much higher cost for all the infrastructure that he’s proposing. You could call Trump's plan "public investment to create private profit". That's really his plan in a summary.”

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Author:Michael Hudson
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“So, what people are actually left with to spend is maybe 25 to 30% of their income on goods and services, after paying taxes and after paying the FIRE sector (Finance, Insurance, Real Estate). Whether it's housing insurance or mortgage insurance. So there's an idea of distracting people. Don't think of your condition. Think of how the overall economy is doing. But don't think of the economy as an overall unit. Think of the stock market as the economy. Think of the rich people as the economy. Look at the yachts that are made. Somebody's living a lot better. Couldn't it be you?”

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Author:Michael Hudson
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“Donald Trump moves in two parallel tracks at the same time. There's the controversial political guy that's always out there with his tweets. He comes from a showbiz background, as well as a very successful career in finance and real estate. He loves sometimes the controversy more than some people - the press thinks they're totally aggravating him. He sometimes thrives on the public controversy and the hitting back. Meanwhile, he's very results-oriented. He knows that the American people are going to judge him by his performance on the economy, on jobs, on national security.”

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Author:Christopher Ruddy
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“The fake healers make you dependent. They aggrandize their personality cult and finances. They increase their stature with titles like Doctor, Bishop, Apostle, Prophet. This increases their authority to manipulate. Watch out for those who put themselves above you. The real ones point to Christ in you. You can pray just like anyone else. The gifts of the Spirit belong to the Holy Spirit. You have this inside you by faith and can be a conduit.”

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Author:Richard Rossi
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“What's going on in Syria is the worst humanitarian crisis since World War II. And we are punishing those who are suffering most in this circumstance, in this condition. We vet refugees from Syria for a period of 18 to 24 months before they're allowed to come to the United States. And, you know, if you will permit me, I think we know more about them by the time they get here than we know about the president's finances.”

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Author:Daniel Benjamin
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“Housing has always been a key to Great Resets. During the Great Depression and New Deal, the federal government created a new system of housing finance to usher in the era of suburbanization. We need an even more radical shift in housing today. Housing has consumed too much of our economic resources and distorted the economy. It has trapped people who are underwater on their mortgages or can't sell their homes. And in doing so has left the labor market unable to flexibly adjust to new economic realities.”

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Author:Richard Florida
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“There were obvious budgetary and time constraint differences. With Jamie Marks is Dead, we were operating on a pretty small finance level. So it was definitely run-and-gun, 16-hour days, every day. I would come back, and I was so exhausted I would fall asleep in my clothes. Obviously, with The Giver we had a little bit more time to take the full three months. So that was different, but in both there was still a creative environment, and by that I mean that it was still collaborative, performance was still valued, and it wasn't lost in the money.”

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Author:Cameron Monaghan
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“One of things that surprised me when I was in Iran was to find out that the country finances seven times as many sex change operations as the entire European Union. And the reason for that is because Ayatollah Khomeini himself, in the early 1960s, in the same time that he was developing this other idea of an Islamic state, also hit upon the idea that if a person is born into the wrong sex, it was entirely proper for them to change sex.”

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Author:Sadakat Kadri
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“I'm very fortunate, and the movies that I've made, even from the very beginning, have been very eclectic. The thing for me is: Am I emotionally engaged in the idea? Is there something special about it? Does it capture my imagination? So everything that I do is simply something that turns me on. And I have the good fortune to be able to make bigger movies and television that ostensibly pay for the other ones. I don't mean literally finance the movies. But they allow me to work on things for very little pay. I do these things because I love them.”

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Author:Mark Gordon
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“I do think that Republicans are flirting with their tax cut, which has always been the narcotic of Republicans, that they in fact have to at some point, with any remote pretense of candor, abandon any pretense of a balanced budget.I mean, they talk about - because they are going to finance the tax cut by tax cuts. That's how they're going to do it. And I do think that the will is there right now in the Congress to act. I think they will be as close to unity as you will see on Capitol Hill this year.”

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Author:Mark Shields
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“I think everybody benefitted from what I am calling a bubble finance system, a bubble economy and if we're ever going to right the system, we're going to have to stop this explosion of the federal debt. We need huge spending cuts, OK? Don't get me wrong, we need to raise regular taxes too but even beyond that it's not going to hurt if we want to reset the system to ask those who have benefitted disproportionately - remember, we got $60 trillion of net worth in the household sector. $45 trillion of that belongs to the top 5 percent.”

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Author:David Stockman
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“The problem is that you're creating a system of bubble finance where interest rates are so low that people can speculate. An asset value goes up. You put it up as collateral. You borrow against it. You buy more of the asset. You then take the rising asset. You borrow against it again. This is the nature of what's going on in the world. This isn't an excess of real savings. This is an excess of artificial credit that's being fueled by all the central banks.”

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Author:David Stockman
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“I had one goal. I wanted people to really learn the tools that could change, because I taught finance for years, I network with people in their 20s, obviously, and all ages I've worked with. But I wanted to just take that to another level, and I also, quite frankly, was just angry. I was angry about the level of abuse I saw in 2008 that happened to people. I knew what happened, I had made a fortune during that time because when things melt down - and they're going to again; life is cyclical - it's one of the greatest opportunities in your life.”

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Author:Marc Benioff
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“We need more than simply financial education. We need to re-orient ourselves mentally, in terms of what the American Dream is, and how we fit into it. And we have to adjust ourselves to understand that finances are not everything in life. That would go a long way, towards changing this winner-and-loser mentality. We have to - Allow people to feel that sense of success, so they won't feel the sense of shame.”

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Author:Neal Gabler
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“We economists, in our classes, teach students that to some degree, price discrimination is actually a good thing; that it allows you to serve lower-income people. Take Africa, with AIDS. They could never finance what an AIDS cocktail costs here, over $10,000 a year. But if you sold it to them for $300 a year, which just barely covers cost, they could probably serve quite a few of their citizens, with World Bank help. We economists say that will be beneficial. But it's a two-tier system; yes, African people pay less than we would pay.”

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Author:Uwe Reinhardt
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“I want to end tax dumping. States that have a common currency should not be engaged in tax competition. We need a minimum tax rate and a European finance minister, who would be responsible for closing the tax loopholes and getting rid of the tax havens inside and outside the EU. It is also clear that we have to reach common standards in our economic and labor policies. We cannot continue to just talk about technical details. We have to inspire enthusiasm in Germany for Europe.”

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Author:Martin Schulz
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“Ronald Reagan, and before him, Richard Nixon, and before Nixon, a slew of conservative politicians going back through American history, have played to the idea that the great majority of poor people are somehow "undeserving," and being undeserving, merit at best very limited, oftentimes deeply coercive and humiliating, government interventions to better their finances. That narrative isn't about to disappear overnight; but it strikes me as being like a weak gruel - there's no sustenance in it, no heft behind the argument.”

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Author:Sasha Abramsky
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“Donald Trump is the least unpopular thing about today's Republican Party. I mean, the idea that a Mitch McConnell or a Paul Ryan could say, "Let's toss Trump overboard and return to our program of plutocratic politics, health care removal, massive income tax cuts for the affluent, deregulation of finance" - if they cut loose from Donald Trump, it's like, you know, storm in channel, continent cut off. If they cut loose from him, they are much likelier to sink.”

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Author:David Frum
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“Sport teaches you so much, and you can translate that to other parts of life. But it's definitely a lot of dedication, not just for, you know, myself or the children, but the parents, the family finances, the money that you could be putting toward retirement you're using to buy tennis shoes and restring rackets and tennis lessons. So if you don't make it, then you may never retire. It's definitely a lot of risk.”

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Author:Venus Williams
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