A Quote by Franklin Raines
I think if you go beyond a year - if this continues into the system in the out years, I think there is a risk and that - that we could have a negative reaction in the bond market and that will offset the good that was attempted to be done.
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You could have another downgrade. You could certainly have a stock market reaction that would be negative. And, I think nobody who looks at it objectively would want to happen.
I came out very strongly that we want a border, and the Mexican government probably convinced him that Donald Trump was saying not nice things about the border. And I think it worked out well. I don't think it was a positive, though. I think it was probably a neutral. I don't think it was negative, but it could have been a tremendous negative.
If you were to just design the perfect retirement plan, you would own the stock market or you would own the bond market. You would get all the costs or all that you possibly could out of the system. So on an annual basis, if the market went up 8 percent, you would get 7.8 or 7.9 percent.
I think racing in Mexico will prove to be a great move for our sport in the future. The reaction we received from the fans last year was outstanding. The fans were unbelievable, and I expect the same reaction this year.
Granted you want to go beyond ideas and beyond thought, but that takes years of practice. If you must think, think good thoughts, happy thoughts, and constructive thoughts.
What we've underestimated is the systemic risk that that very finely tuned system of specialization exposes us to. And so I think we will start to ask whether there are ways that we could build some more robustness into our whole system.
I think everybody wants to redeem themselves after they've done something that might be considered negative. I don't think anyone wants to go to the grave negative.
Do not worry at all about negative thoughts, and do not try to control them. All you have to do is begin to think good thoughts each day. Plant as many good thoughts as you can in each day. As you begin to think good thoughts you will attract more and more good thoughts, and eventually the good thoughts will wipe out the negative thoughts altogether.
I think the team will think this was an O.K. year. Some guys had career years, but the reality is that we didn't get it done at the end of the day.
If I've been an architect of my own career in any fashion, one thing that I've attempted to do is not get typecast, in order to be able to play all different kind of characters. I think I've done a pretty good job of that over the years.
If you say actors have a social responsibility to do things, you are right, in a way. It's a wishful decision. But if it's done out of force, I don't think it will accomplish anything. Everybody starts counting how much work they have done and see if they have done their due for the week. That is not social service. You need to go way beyond that.
And maybe the cereal makers by and large have learned to be less crazy about fighting for market share-because if you get even one person who's hell-bent on gaining market share.... For example, if I were Kellogg and I decided that I had to have 60% of the market, I think I could take most of the profit out of cereals. I'd ruin Kellogg in the process. But I think I could do it.
Thus a long term corporate bond could actually be sold to three separate persons. One would supply the money for the bond; one would bear the interest rate risk, and one would bear the risk of default. The last two would not have to put up any capital for the bond, though they might have to post some sort of collateral.
The Fed is on hold at least through the election but I think we'll get a little more tightening at the start of next year. I think, for the time being, we have a soft landing. But I think the reality is the stock market rally will probably add a little fuel to the economy and the tightening will return next year.
I think the market driven economic system is the most productive system, but to have that work in the world, you've got to also have social investments to go along with that.
If I think I will get the ball, I go out. I can't stop halfway because the goal is empty and the player would have the opportunity to shoot. You make the reaction, and then, of course, you have to be sure to get the ball. But it's years of practice. You can't say from one day to the other, 'Now I will do it,' you know? You have to feel it.
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