A Quote by Charles Hugh Smith

Would we as a nation be better off dealing with the truth rather than believing fantasies that prop up the Status Quo and the Fed's dearly beloved measure of the economy, the stock market? How often does accepting illusion help us navigate real life? Short answer: never.

Charles Hugh Smith

Quote Topics

Accepting Answer Believing Beloved Better Better Off Dealing Dearly Does Economy Fantasies Fed Help How Illusion Life Market Measure Nation Navigate Never Off Often Prop Quo Rather Real Real Life Short Status Status Quo Stock Stock Market Than Truth Up Us Would

Quote Author

Charles Hugh Smith
Writer
Born: December 5, 1953

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

The most serious problems lie in the financial sphere, where the economy's debt overhead has grown more rapidly than the 'real' economy's ability to carry this debt. [...] The essence of the global financial bubble is that savings are diverted to inflate the stock market, bond market and real estate prices rather than to build new factories and employ more labor.

Michael Hudson

Sometimes, we need an obstacle to challenge us and push us further than we would if things were always status quo. I'd say one example is the market crashing. It's like, just when we started to get into a rhythm, everything changed! But, it taught us a great deal about how we do business and how we can improve.

John Varvatos

As a black woman, I have no particular interest in maintaining the status quo. Why would I? The status quo is harmful; the status quo is significantly racist and sexist and a whole bunch of other things that I think need to change.

N. K. Jemisin

I would say first of all, anyone who wants to challenge the status quo always gets that response. Ninety percent of the time, that's just bull. That's just the way in which people choose to prop up their own privilege or their own particular position. So mostly I shrug it off.

Malcolm Gladwell

I think there are a lot of people out there that are speculating in the stock market. They have all kinds of tech stocks or social media stocks. If you want to gamble in the stock market, I would much rather gamble on a mining stock than a social media stock.

Peter Schiff

The stock market is but a mirror which provides an image of the underlying or fundamental economic situation. Cause and effect run from the economy to the stock market, never the reverse. In 1929 the economy was headed for trouble. Eventually that trouble was violently reflected in Wall Street.

John Kenneth Galbraith

Our feeling is that the status quo often gets a boost and this is the new status quo.

Nigel Farage

At the end of the day, nobody can tell you how to tackle failure or how to handle change. The world is very good at encouraging you to go along with the status quo and at basking in your successes. But when you hit a wall in your personal life, and you screw up, people don't give you a chance to navigate your way through it and tap into what's extraordinary about you.

Viola Davis

I am an innovator. This is a term of distinction, a term of honor, rather than something to hide or apologize for. Anyone who has new or valuable ideas to offer stands outside the intellectual status quo. But the status quo is not a stream, let alone a 'mainstream'. It is a stagnant swamp. It is the innovators who carry mankind forward.

Ayn Rand

The American people - Republican voters especially - are fed up with the status quo.

Rush Limbaugh

I studied what happened in the bond and the stock markets during previous periods when the Fed stopped manipulating the bond market. In every single case, the moment the Fed announced that there would be a cessation of intervention, stocks declined and interest rates went up.

Porter Stansberry

It doesn't need to be deep and it doesn't need to be a 65-point plan, but just to give some concrete examples of how this economy is going to work for the people that feel right now it's not working for them, and then finally to get to central tension of this campaign. This is a presidential campaign where you have Americans now who want to see change. And Hillary Clinton is the status quo. How can she be both status quo and change?

Amy Walter

I call this the Fundamental Problem of Political Economy. How do we limit the power that idiots have over us? ... [Milton] Friedmans insight is that a market limits the power that others have over us; conversely, limiting the power that others have over us allows us to have markets. Friedman argued that no matter how wise the officials of government may be, market competition does a better job of protecting us from idiots.

Arnold Kling

If you do the same thing as others, it will wear you out. Nintendo is not good at competing so we always have to challenge the status quo by making something new, rather than competing in an existing market.