A Quote by Anthony Scaramucci

It's time to stop pretending negative rates have any redeemable value - besides the ability to stimulate the market for physical safes.

Anthony Scaramucci

Quote Topics

Ability Any Besides Market Negative Physical Pretending Rates Stimulate Stop Time Value

Quote Author

Anthony Scaramucci
American - Businessman
Born: January 6, 1964

The underlying strategy of the Fed is to tell people, "Do you want your money to lose value in the bank, or do you want to put it in the stock market?" They're trying to push money into the stock market, into hedge funds, to temporarily bid up prices. Then, all of a sudden, the Fed can raise interest rates, let the stock market prices collapse and the people will lose even more in the stock market than they would have by the negative interest rates in the bank. So it's a pro-Wall Street financial engineering gimmick.

Michael Hudson

You're all Buddhas, pretending not to be. You're all the Christ, pretending not to be. You're all Atman, pretending not to be. You're all love, pretending not to be. You're all one, pretending not to be. You're all Gurus, pretending not to be. You're all God, pretending not to be. When you're ready to stop pretending, then you're ready to just be the real you. That's your home.

Marcus Thomas

To value investors the concept of indexing is at best silly and at worst quite hazardous. Warren Buffett has observed that "in any sort of a contest - financial, mental or physical - it's an enormous advantage to have opponents who have been taught that it's useless to even try." I believe that over time value investors will outperform the market and that choosing to match it is both lazy and shortsighted.

Seth Klarman

Since 2008 you've had the largest bond market rally in history, as the Federal Reserve flooded the economy with quantitative easing to drive down interest rates. Driving down the interest rates creates a boom in the stock market, and also the real estate market. The resulting capital gains not treated as income.

Michael Hudson

Market value is irrelevant to intrinsic value. ... Unqualified judgment can at most claim to decide the market-value - a value that can be in inverse proportion to the intrinsic value.

Arnold Schoenberg

A higher IOER rate encourages banks to raise the interest rates they charge, putting upward pressure on market interest rates regardless of the level of reserves in the banking sector. While adjusting the IOER rate is an effective way to move market interest rates when reserves are plentiful, federal funds have generally traded below this rate.

Janet Yellen

If you can stop using substance or stop your addictive behavior for extended periods of time without craving, you are not dependent. You are dependent only if you can't stop without physical or psychological distress (you have unpleasant physical and/or psychological withdrawal symptoms) or if you stop and then relapse.

Chris Prentiss

So the stock market could have a negative wealth effect and weigh on capital spending, but a sharp decline in long-term interest rates would be an important counterweight.

Joseph Barbera

Whenever I enter a position, I have a predetermined stop. That is the only way I can sleep. I know where I'm getting out before I get in. The position size on a trade is determined by the stop, and the stop is determined on a technical basis... I never think about [stop vulnerability], because the point about a technical barrier - and I've studied the technical aspects of the market for a long time - is that the market shouldn't go there if you are right.

Bruce Kovner

If we are going to have a Fed, it should not fall into the tyranny of experts with the a fatal conceit that a few wise people can determine interest rates. Interest rates should be driven by the market, and people's time preference, and we see these boom-bust cycles.

Charles Koch

Value investing doesn't always work. The market doesn't always agree with you. Over time, value is roughly the way the market prices stocks, but over the short term, which sometimes can be as long as two or three years, there are periods when it doesn't work. And that is a very good thing. The fact that our value approach doesn't work over periods of time is precisely the reason why it continues to work over the long term.

Joel Greenblatt

Pretending is not just play. Pretending is imagined possibility. Pretending, or acting, is a very valuable life skill and we do it all the time.

Meryl Streep

In 'D.A.R.Y.L.' there was a part where I had to freeze to death, and they didn't even use it. It can get kind of frustrating. But I don't regret that I decided to become an actor. Besides, if I don't like it at any time, I can stop.