A Quote by Eugene Fama
I don't even know what that means. People who get credit have to get it from somewhere. Does a credit bubble mean that people save too much during that period? I don't know what a credit bubble means. I don't even know what a bubble means. These words have become popular. I don't think they have any meaning.
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I don't know what a credit bubble means. I don't even know what a bubble means. These words have become popular. I don't think they have any meaning.
Too-easy credit and millions of bad loans made during the U.S. housing bubble paved the way for the financial calamity and Great Recession that followed. Today, by contrast, credit is too tight. Mortgage loans are particularly hard to get, creating a problem for the housing market and the broader economy.
I was secretary of the Treasury when the credit bubble burst, so I think it's fair to say that I know a little bit about risk, assessing outcomes, and problem-solving.
I do get credit for having a California sound to my music, but I don't think people really know what that means - they think the Beach Boys. I'm thinking more like Sunset Strip in the 1960s and stuff like that.
Few words in any language carry such a load of meaning as 'honor.' It is an old word, unchanged even in its spelling from classical Latin to modern English. Spoken or written, it does not seem to require much explanation; most people think they know what it means.
I've not won different awards - many, many times - so luckily I've practiced that whenever you are nominated for anything, you enter into this marvelous, fantabulous bubble called the bubble of nomination. The minute the envelope is opened and your name isn't called out, the bubble bursts. And no one calls you up the next day to say, 'So sorry you didn't win,' or 'You looked gorgeous - nothing. If you win, you get about another 24 hours in that lovely bubble and then - pop - you are slightly wet all over from the bubble and realize that you have to get on with real life.
You know what higher interest rates mean. To you it means a higher mortgage payment, a higher car payment, a higher credit card payment. To our economy, it means business people will not borrow as much money, invest as much money, create as many new jobs, create as much wealth, raise as many raises.
We think we know that chimpanzees are higher animals and earthworms are lower, we think we've always known what that means, and we think evolution makes it even clearer. But it doesn't. It is by no means clear that it means anything at all. Or if it means anything, it means so many different things to be misleading, even pernicious.
As the president, you're pretty much in a bubble. And golf is a good way to get out of the bubble.
A bubble in early-stage funding means maybe there's $300 million at work when maybe there should be $150, as opposed to a bubble in late-stage funding which means there's $20 billion at work when there should be $3.
I don't know" means "NO!" "I don't know" means "I'm too cowardly to tell you the truth because I can't deal with confrontation." "I don't know" means please do the dirty work for me because I don't want to hurt your feelings even more then I already have.
I think if you write humor, then people don't - you know - they don't give you that much credit. They tend to think you just dictate your stories into a tape recorder. And I'm not necessarily insulted by that, because I think that just means that it looks easy.
But credit card debt is unsecured debt, which means if you get in trouble and cannot pay off your credit card, you can discharge it in bankruptcy. What are they going do to you? If you're in a financial position to just methodically pay off both credit card and student loans, pay them all.
Nobody had a credit card when I was a kid. No one had credit card debt. But these big companies and banks wanted to know how to get more money out of people - get them charging things.
The enthusiasm for Tesla and other bubble-basket stocks is reminiscent of the March 2000 dot-com bubble. As was the case then, the bulls rejected conventional valuation methods for a handful of stocks that seemingly could only go up. While we don't know exactly when the bubble will pop, it eventually will.
The leader has to command the respect of all those under his supervision - and he must be open to those under his supervision. Effective leadership means having a lot of people working toward a common goal. And when you have that with no one caring who gets the credit, you're going to accomplish a lot. If you have those just wanting the credit for themselves, you're not going to get as much accomplished.
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