“Somebody's buying these treasury bills at 1/20th of one percent. I mean we consuming about $2 billion a day of goods and services beyond what we're producing.As long as we consume more than we produce, and we trade away little pieces of the country daily, they're going to own something. Now, they can't run from American assets. I mean every day the rest of the world is going to have about two billion more of American assets than we have, as long as they sell us these goods.” WorldMeanLittlesLongTwoCountryRunningPiecesProducePercentTradeBillsSellsBillionsBuyingGoodsAssetsConsumingTreasuryGoods And ServicesTreasury Bill Author:Howard Warren Buffett
“Somebody's buying these treasury bills at 1/20th of one percent. I mean we consuming about $2 billion a day of goods and services beyond what we're producing.And it reflects American's consumption ideas rather than its savings ideas.” MeanIdeasPercentBillsBillionsSavingBuyingGoodsConsumptionSavingsConsumingTreasuryGoods And ServicesTreasury Bill Author:Howard Warren Buffett
“Indian manufacturing is constrained in its growth by the fact that it just can't ship goods in and out fast enough to compete with Chinese delivery time. India needs to really focus on this aspect if it is going to grow at anything above 7 percent.” IfsNeedsEnoughFactsGrowsGrowthFocusPercentAspectIndiaShipsChineseIndianGoodsManufacturingDelivery Author:Arjuna Mahendran
“The idea that when people see prices falling they will stop buying those cheaper goods or cheaper food does not make much sense. And aiming for 2 percent inflation every year means that after a decade prices are more than 25 percent higher and the price level doubles every generation. That is not price stability, yet they call it price stability. I just do not understand central banks wanting a little inflation.” PeopleYearsMeanLittlesDoeIdeasFallLevelsGenerationsHigherPercentDecadesBuyingGoodsStabilityInflationCheaperCentral BanksPrice Stability Author:Paul Volcker
“At the moment, for example, maybe ten percent of money in the world is related to goods and services. Ninety percent of money is just moving around the world, chasing money. So, money has become the ruler. And we have become the servant.” WorldMomentsMovingExampleTenPercentAround The WorldServantRelatedGoodsRulersChasingNinetyGoods And ServicesChasing Money Author:Satish Kumar
“If you have to pay about forty to forty-three percent of your income for housing, you also have to pay fifteen percent of your paycheck for the FICA for Social Security wage withholding. You have to pay medical care, you have to pay the banks for your credit card debt, student loans. Then you only have about twenty-five or thirty-five percent, maybe one-third of your salary to buy goods and services. That's all.” IfsCareThreeSocialPayFiveSecurityStudentsPercentThirdsTwentiesCreditDebtMedicalIncomeCardsThirtyFortyGoodsFifteenSocial SecurityHousingLoanSalaryCredit CardTwenty FivePaychecksMedical CareGoods And ServicesWithholdingStudent LoanCredit Card Debt Author:Michael Hudson
“Somebody's buying these treasury bills at 1/20th of one percent. Consuming about $2 billion a day of goods and services beyond what we're producing. In other words, the rest of the world sends about $2 billion a day net of something.We got to send them something in return, don't we. So we send them little pieces of paper.” WorldLittlesPiecesReturnPaperPercentBillsBillionsBuyingGoodsConsumingTreasuryGoods And ServicesTreasury Bill Author:Warren Buffett
“You built a factory out there, good for you. But I want to be clear. You moved your goods to market on the roads that the rest of us paid for. You hired workers that the rest of us paid to educate. You were safe in your factory because of police forces and fire forces that the rest of us paid for.” WantForceClearFireSafePercentBuiltPaidPoliceMovedWorkersGoodsEducateFactoriesSocial ContractPolice ForceOccupy Movement Author:Elizabeth Warren