Top 100 Quotes About The Financial Markets
#1. The financial markets tend to be just a backdrop for a novel, for a heist or something that isn't necessarily integral to it. On the whole, I don't think the financial world has been well served by novels.
Robert Harris
#2. God understands more about the financial markets than many who write about them.
Jean-Claude Juncker
#3. Business chief executive officers and their boards succumb to the pressures of the financial markets and their fears of takeovers and pour out their energies to produce quarterly earnings - at the expense of building their companies for the long term.
J. Irwin Miller
#4. The more Mr. Putin extends the fighting in eastern Ukraine, the more the financial markets will ratchet up their own pressure on Russia.
Roger Altman
#5. One cannot see any world leader who has got a grip on the financial markets these days. They're too big, too fast. I think that's quite scary.
Robert Harris
#6. Favouring employment versus the financial markets is a decent policy; certainly not beneficial for the currency or the gilt market, but beneficial for the people.
Bill Gross
#7. The only thing that could hurt me is if my success encouraged me to return to my childhood fantasies of omnipotence - but that is not likely to happen as long as I remain engaged in the financial markets, because they constantly remind me of my limitations.
George Soros
#8. I do believe women have different ways of taking risks, of ruminating a bit more before they jump to conclusions. And I think that as a result, particularly on the, on, you know, on the trading floor, in the financial markets in general, the approach would be different.
Christine Lagarde
#9. Through all aspects of society be it art, design, the financial markets, government, technology or communications we are witnessing unprecedented global transformation - the result of which is impossible to predict.
Malcolm McLaren
#10. The dark comes before dawn. The financial markets are under great pressure because of the lack of leadership during the transition period.
George Soros
#11. The financial markets are not to be trusted. They expect to be given free reign to make huge profits while the sun is shining, but hasten to the shelter of the state when the skies darken.
Peter Stalker
#12. In Germany it is good if as many people as possible join initiatives and peaceful demonstrations against the rule of the financial markets. Worshipping the unfettered freedom of global markets has brought the world to the brink of ruin. We now need social and ecological rules for the market economy.
Sigmar Gabriel
#13. The middle and working classes are paying the debt that the financial markets created.
Javier Bardem
#14. The financial markets paid a lot of people extremely well for narrow expertise and a few people, poorly, for the big, global views you needed to have if you were to allocate capital across markets.
Michael Lewis
#15. The fierce battles between New Democrat centrists and old-style liberals that defined the Democratic Party in the 1990s are long gone, with the party unified behind Barack Obama's economic agenda of universal health care, expensive federal programs and more regulation of the financial markets.
Nina Easton
#16. Trillions of dollars every day are being exchanged around the world in all of the financial markets.
Kenneth Lay
#17. 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,
Robert Rubin
#18. In the financial markets, hindsight is forever 20/20, but foresight is legally blind. And thus, for most investors, market timing is a practical and emotional impossibility.
Benjamin Graham
#19. In the financial markets I find it easy to predict what will happen and very difficult to predict when it will happen. I think that things were clear during the bubble as to what would happen eventually.
Warren Buffett
#20. We live in an age of great jitteriness in the financial markets. And there's no doubt at all, I think, that the volume of computer-traded stocks has helped contribute to that.
Robert Harris
#21. Things like the financial markets - a proper grounding in mathematics could help the common man. I believe that if people are more familiar with mathematical concepts ... it can help deal with modern life, which is increasingly complex.
Viswanathan Anand
#22. Our economy is increasingly dependent on the success and integrity of the financial markets.
Michael Douglas
#23. Reversion to the mean is the iron rule of the financial markets.
John C. Bogle
#24. The new social question is: democracy or the rule of the financial markets. We are currently witnessing the end of an era. The neoliberal ideology has failed worldwide. The U.S. movement Occupy Wall Street is a good example of this.
Sigmar Gabriel
#25. As I discovered, there is a great deal of similarity between a boom-bust process in the financial markets and the rise and fall of the Soviet system.
George Soros
#26. The financial markets generally are unpredictable. So that one has to have different scenarios ... The idea that you can actually predict what's going to happen contradicts my way of looking at the market.
George Soros
#27. Do not trust financial market risk models. Despite the predilection of some analysts to model the financial markets using sophisticated mathematics, the markets are governed by behavioral science, not physical science.
Seth Klarman
#28. We are all socialists now, it seems. John McCain, David Cameron and Gordon Brown attack bankers' irresponsible behaviour and salaries, and call for state intervention in the financial markets. But these calls will not get them elected or re-elected if they are addressed only to the banking sector.
Noreena Hertz
#29. The current system is organized around financial values over life values. We need to shift that locus of power down to the community level because the financial markets recognize only money and thereby only financial values.
David Korten
#30. You shouldn't be trying to create a system where no bank fails, but you should be creating one that catches a bank and allows it to fail without impacting the financial markets.
Bob Diamond
#31. Taming the financial markets and winning back democratic control over them is the central condition for creating a new social balance in Germany and Europe.
Sigmar Gabriel
#32. Sometimes it is my impression that most politicians are still not aware of being under the control of the financial markets and are even governed by them.
Hans Tietmeyer
#33. There are three types of gurus in the financial markets: market cycle gurus, magic method gurus, and dead gurus.
Anonymous
#34. The financial markets play an active role in determining what's going to happen, how the economy is going to function.
George Soros
#36. Lack of ethics is so ingrained in the financial industry that they are not even aware of it any more. It's just business as usual for them.
Robert Rolih
#37. The 2.5 billion adults [around the world] without access to financial services are disproportionately women and young people. There are at least 44 million unbanked or underbanked people in the United States, so clearly financial inclusion is needed in all markets.
Ajaypal Singh Banga
#38. In falling markets, there is nothing that has not happened before. The bear or pessimist sees only the past, which imprisons the wretched financial soul in eternal circles of boom and bust and boom again.
James Buchan
#39. The times are too difficult and the crisis too severe to indulge in schadenfreude. Looking at it in perspective, the fact that there would be a financial crisis was perfectly predictable: its general nature, if not its magnitude. Markets are always inefficient.
Noam Chomsky
#40. The process of globalization has now interconnected almost everything ranging from financial markets to transport networks to communication systems in a huge system that no one really understands.
John L. Casti
#41. As financial markets continue to broaden and deepen, the behavior of asset prices will play an important role in the formulation of monetary policy going forward, perhaps a more important role than in the past.
Timothy Geithner
#42. I don't want to drive the markets crazy. I don't want to create trouble, but rather order and rules and norms. We have to struggle against financial excesses, those who speculate with sovereign debt, those who develop financial products which have done so much harm.
Francois Hollande
#43. I believe that the general growth in large [financial] institutions have occurred in the context of an underlying structure of markets in which many of the larger risks are dramatically
I should say, fully
hedged.
Alan Greenspan
#44. The world economy is more stable than for a generation ... Our hugely sophisticated financial markets match funds with ideas better than ever before.
David Cameron
#45. The crisis in Europe has affected the U.S. economy by acting as a drag on our exports, weighing on business and consumer confidence, and pressuring U.S. financial markets and institutions.
Ben Bernanke
#46. People ignore facts which contradict the theory in the mind of the investor. Dis-confirming evidence must be seeked out to beat this theory.
Manoj Arora
#47. Let us not be defeated by the tyranny of the world financial markets that threaten peace and democracy everywhere.
Stephane Hessel
#48. Financial markets ... resent any kind of government interference but they hold a belief deep down that if conditions get really rough the authorities will step in.
George Soros
#49. History demonstrates that participants in financial markets are susceptible to waves of optimism. Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.
Alan Greenspan
#50. In an economy that already has lost some momentum, one must remain alert to the possibility that greater caution and weakening asset values in financial markets could signal or precipitate an excessive softening in household and business spending.
Alan Greenspan
#51. The lack of monetary discipline has become a hallmark of unfettered globalization. Central banks have failed to provide a stable underpinning to world financial markets and to an increasingly asset-dependent global economy.
Stephen S. Roach
#52. Forecasts vary in horizon, from a few seconds up to a few days in financial markets, compared to from one to several months for macro variables. We have to provide uncertainty intervals around the central forecasts to indicate the extent to which we are unclear about the future.
Clive Granger
#53. What we have seen in financial markets should bring home to us all that the central organising principle of this 21st century is interdependence. For the century just past, interdependence may have been one option among many. For the century that is to come, there is no longer an alternative.
Kevin Rudd
#54. If we leave the European Union, there will be an immediate economic shock that will hit financial markets. People will not know what the future looks like.
George Osborne
#55. The insurance companies do not refer to the key policy rate when they send their statements. We can only control that rate. Long-term interest rates are determined largely by global financial markets.
Mario Draghi
#56. Well, as you know, we're working through a difficult period in our financial markets right now as we work off some of the past excesses. But the American people can remain confident in the soundness and the resilience of our financial system.
Henry Paulson
#57. Veblen called it the price-system. Mills called it the Power Elite. It's probably no more than ninety-nine people who don't know what they are doing. They're involved in high finance. Fascinating form of gambling.
John Cage
#58. Consumer spending is now plunging at serious-recession rate ... even if the rescue now in train succeeds in unfreezing credit markets, the real economy has immense downward momentum. In addition to financial rescues, we need major stimulus programs.
Paul Krugman
#59. The reality is that financial markets are self-destabilizing; occasionally they tend toward disequilibrium, not equilibrium.
George Soros
#60. In rising financial markets, the world is forever new. The bull or optimist has no eyes for past or present, but only for the future, where streams of revenue play in his imagination.
James Buchan
#61. I think what is happening is I think first of all there is confidence in the U.K. economy. We're in a German rather than a Greek position in international financial markets, which is very positive and keeps our debt service costs down, and we're also beginning to see real evidence of rebalancing.
Vince Cable
#62. The Federal Reserve has a responsibility to ensure the safety and soundness of financial institutions and to contain systemic risks in financial markets.
Bernie Sanders
#63. Creating a regulatory system that reflects the modern-day realities of financial markets is not as difficult as it may appear.
Paul Singer
#64. I had always been interested in markets - specifically, the theory that in financial markets, goods will trade at a fair value only when everyone has access to the same information.
Pierre Omidyar
#65. The Fed has gone about as if the problem is a shortage of liquidity. That is not the basic problem. The basic problem for the markets is that uncertainty that the balance sheets of financial firms are credible.
-Anna J. Schwartz interviewed in the Wall Street Journal, October 18-19, 2008.
John Brian Taylor
#66. The United States has the most sophisticated financial markets in the world, which does not leave much room to maneuver. But it also offers investors the greatest access to information and the ability to execute trades quickly and efficiently. So it is a mixed bag of opportunity.
Andrew Lo
#67. You invite a few players in to start a game of Texas Hold'em by telling them that the deck doesn't have any jacks or queens in it and that you won't tell the other people who come to play with them. How do you get people into the casino? You pay the brokers to bring them there.
Michael Lewis
#68. Well, the U.S., of course, is the world's largest economy. It's about a quarter of the world's output. It's also home to many of the largest financial institutions and financial markets.
Ben Bernanke
#69. The principal linkages between Japan and the U.S. global economies are trade, financial markets, and commodity markets.
Mark Zandi
#70. Deep and liquid markets in a country's domestic economy are the essential shock absorbers through which the perilous waters of international financial integration can be navigated.
Bibek Debroy
#71. If the EU and the US can cooperate successfully on regulating financial markets, everyone else will follow.
John Bruton
#72. Taking this view, it is possible to see financial markets as a laboratory for testing hypotheses, albeit not strictly scientific ones. The truth is, successful investing is a kind of alchemy.
George Soros
#73. The stability of global financial markets is a public good. If governments fail to protect this public good, then those who suffer are the working people of the world whose jobs, whose homes, and whose standard of living depends on it.
Kevin Rudd
#74. Like the effects of industrial pollution and the new system of global financial markets, the AIDS crisis is evidence of a world in which nothing important is regional, local, limited; in which everything that can circulate does, and every problem is, or is destined to become, worldwide.
Susan Sontag
#75. The U.S. financial markets had always been either corrupt or about to be corrupted.
Michael Lewis
#76. The global financial collapse exposed the longstanding myth that commercial exchange is a primary institution. There are no examples in history where people created commercial markets and exchange before creating a culture.
Jeremy Rifkin
#77. It is vital for officials and regulators to have input from people within our businesses who understand the intricacies of how financial markets operate and the consequences of certain policy decisions.
Jamie Dimon
#78. Hedge funds, private equity and venture capital funds have played an important role in providing liquidity to our financial system and improving the efficiency of capital markets. But as their role has grown, so have the risks they pose.
Jack Reed
#79. The Federal Reserve has always recognized the importance of allowing markets to work, and government oversight of financial firms will never be fully effective without the aid of strong market discipline.
Ben Bernanke
#80. Developments in financial markets can have broad economic effects felt by many outside the markets.
Ben Bernanke
#81. I have anecdotal evidence in my business that MBAs tend to blow up in financial markets, as they are trained to simplify matters a couple of steps beyond their requirement. (I beg the MBA reader not to take offense; I am myself the unhappy holder of the degree.)
Nassim Nicholas Taleb
#82. One of the most constant aspects of American life is change - and nowhere is it more evident than in our financial markets.
Henry Paulson
#83. Cause and effect, the riddle of all history, is a particular devil in financial history; and never more so than today, where entire classes of security are collapsing not on public exchanges and stock-tickers but because there are no markets to establish prices this side of nothing.
James Buchan
#84. For me, the real thing is make, serve and list in India. Which means we need manufacturing, we need services, and we need financial markets.
Uday Kotak
#85. There is a lot of pain still to be had in the equity markets, particularly aimed at the risky end of the spectrum. We think the fair value on the market is about a third lower in the U.S ...
Jeremy Grantham
#86. Selling drug secrets violates a trust that is fundamental to the integrity of both scientific research and our financial markets.
Chuck Grassley
#87. The imbalance results from ideologies which uphold the absolute autonomy of markets and financial speculation, and thus deny the right of control to States, which are themselves charged with providing for the common good.
Pope Francis
#88. In Asia, a lot of successful economies that had been living on their own saving, decided to open up their financial markets to international capital in the early 1990s. So here were countries doing quite well, but they decided they'd borrow a bit more and do even better.
Jeffrey Sachs
#89. Workers are on the streets today with a clear message to Europe's leaders. There is a great danger that workers are going to pay the price for the reckless speculation that took place in financial markets.
John Monks
#90. A second reason why science cannot replace judgement is the behavior of financial markets.
Martin Feldstein
#91. While expanding market access for American industry, financial markets and farmers is critical, I believe it needs to be done responsibly, accounting for the treatment and protection of workers and the environment.
Mark Udall
#92. Financial illiteracy is like being in a rain storm and trying to jump in between the raindrops ... eventually it all catches you at the same time.
Johnnie Dent Jr.
#93. And finally, no matter how good the science gets, there are problems that inevitably depend on judgement, on art, on a feel for financial markets.
Martin Feldstein
#94. Even in financial markets, the concept of market efficiency does not hold.
Paul Ormerod
#95. There are good reasons why we don't want everyone to learn nuclear physics, medicine or how financial markets work. Our entire modern project has been about delegating power over us to skilled people who want to do the work and be rewarded accordingly.
Evgeny Morozov
#96. Bulls don't read. Bears read financial history. As markets fall to bits, the bears dust off the Dutch tulip mania of 1637, the Banque Royale of 1719-20, the railway speculation of the 1840s, the great crash of 1929.
James Buchan
#98. I think we will have continuing danger from these markets and that we will have repeats of the financial crisis - [they] may differ in details but there will be significant financial downturns and disasters attributed to this regulatory gap, over and over, until we learn from experience
Brooksley Born
#99. I contend that financial markets never reflect the underlying reality accurately; they always distort it in some way or another and the distortions find expression in market prices. Those distortions can, occasionally, find ways to affect the fundamentals that market prices are supposed to reflect.
George Soros
#100. Credit is the air that financial markets breathe, and when the air is poisoned, there's no place to hide.
Charles R. Morris
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