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...on the Fly

Quote and Excerpts on Capital Markets and the Economy

Quotes: 1-10 / 101
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“I don’t think you want to stand in the way of the three major central banks when they are expanding their balance sheets.”

Justin Thomson, Chief Investment Officer, Equity T. Rowe Price, December 2019

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"There is something vaguely troubling when the unthinkable becomes routine."

Claudio Borio, Monetary and Economic Department BIS Quarterly Review, BIS, September 2019

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"The German word “Schuld” has two meanings: “debt” and “fault”. This is something even those critics who do not know German (and often do not know much about Germany either) have learned. They believe that the homonym aptly describes the German obsession with debt." 

Stefan Schneider Deutsche Bank Research Management, August 30, 2019

Excerpt

"It is also important to explore how central banks should use those unconventional policy tools in the future. In that regard, an interesting question is: will those unconventional policy tools become conventional policy tools in normal times?"

Haruhiko Kuroda Opening Remarks at the 2019 BOJ IMES Conference Hosted by the Institute for Monetary and Economic Studies, Bank of Japan, May 29, 2019

Excerpt

"In the theories I work with, there is always an equilibrium where no one chooses to hold the currency, and its value falls to zero. In this sense, currencies are “fragile". (…) In the 1830s, 90% of the U.S. money supply was privately issued banknotes."

"...more than 2'600 cryptocurrencies have been launched. Nearly all of these remain today at the "zero value" equilibrium mentioned above."

James Bullard Federal Reserve Bank of St. Louis, July 19, 2019

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"Ce qu'il faut faire c'est le Bruxit, c'est sortir Bruxelles de l'Europe. Parce que l'Europe marchait très bien, jusqu'à Mr. Delors qui a décidé d'essayer de transformer l'Europe en une Nation, en un Etat."

Charles Gave Le Peuple contre Bruxelles, Planetes360, March 13, 2019

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"We argue that yield-curve inversions are a signal that monetary policy is tight, and we show that tight policy has a substantially larger impact on the economy than easy policy. In other words, monetary policy’s brake pedal is more powerful than its gas pedal."

Evan F. Koenig and Keith R. Phillips Federal Reserve Bank of Dallas, February 12, 2019

Excerpt

"I don't think we've even seen the tip of the iceberg. I think the potential of what the internet is going to do to society, both good and bad, is unimaginable. I think we’re actually on the cusp of something exhilarating and terrifying.

Paxman: It’s just a tool though, isn’t it ?

No it’s not. No it’s an alien life form (laughs). Is there life on mars ? Yes, it’s just landed here.

Paxman: But it’s simply a different delivery system there. You’re arguing about something more profound.

O yeah, I’m talking about the actual context and the state of content is going to be so different to anything that we can really envisage at the moment. Where the interplay between the user and the provider will be so in sympatico it’s going to crush our ideas of what mediums are all about."

David Bowie speaks to Jeremy Paxman on BBC Newsnight, 1999

Excerpt

“In a dataset of 10 developed countries for the period 1890-2000, we show that diversification benefits decline as financial markets open up to international capital flows. Diversification benefits disappear as investors chase them."

Dennis Quinn and Hans-joachim Voth The Diversification Fata Morgana: Capital Account Openness and the Fall and Rise of Stock Market Correlations, 1890-2000 , 2015

“It is better for the Bank of Japan not to attract attention and remain as quiet as the forest for a rural shrine.”

Hisato Ichimada, Governor of the Bank of Japan, 1946-1954
Quotes: 1-10 / 101
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