QUOTES OF THE DAY

“If we set aside the supervisory class and professionals on payrolls, the great underclass is composed of many no better off, with the rest worse off during 10 yrs of so-called ‘recovery.’ Wage growth for non-supervisory workers is getting worse, not better, when adjusted for inflation.”

Harald Malmgren

“They [the Banks] are less leveraged but have larger balance sheets. The risk is in the gross, not the net. When times are calm, no capital is needed. When panic begins, no amount of capital is enough.”

Jim Rickards

“And the banks – hard to believe in a time when we’re facing a banking crisis that many of the banks created – are still the most powerful lobby on Capitol Hill. And they frankly own the place.”

Dick Durbin

“Remember when nurses, caregivers, teachers and students crashed the stock market, wiped out banks, took billions in bonuses and paid no tax? No, me neither.”

Fuad Alakbarov

“In economics, it is often professionally better to be associated with highly respectable error than uncertainly established truth. Wealth is the relentless enemy of understanding.”

John Kenneth Galbraith

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2 Comments
Boat Guy
Boat Guy
September 18, 2018 7:49 am

Wise words of thought observation and intellect with common sense grabbing at anything to keep from drowning the real owners of America throw it a rock . The circle jerk of Wall Street to K-Street to Capitol Street are aware of what’s really happening and until a severe personal confrontation like a Louisville Slugger to the teeth or the barrel of a 45 bruising their forehead nothing will change . The “THEY” don’t give a fuck about you at all and only brute force and serious examples in a Nuremberg style trial with firing squads and hangman’s nooses waiting . Fat chance of real justice for real criminals !

AC
AC
September 18, 2018 12:10 pm

Heh.

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