A Quote by Jamie Dimon
More people are working, lending is up and savings are up. These are all positive signs for a strengthening economy.
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The impact of QE on generating more lending by Wall Street to Main Street and in generating more employment and increasing overall investment in the economy is quite modest. QE probably limited the initial collapse of the economy in 2008, and likely had a very small positive impact on economic growth, but its broader impact on jobs and growth in the economy seems not very big.
There are two issues that people sometimes confuse, but they're very closely related. There is the strength and the stability of the American financial system. And it's very important that that system remain stable and remain strong and lending is very important to consumers. Secondly, the economy. And what has gone on in financial system is impacting the economy. And as the economy is turning down, it is very important that lending continue to be available and be available to consumers. So what we're doing with this facility is to support - is to support consumer lending.
When I say the economy is shrinking, it's the economy of the 99%, the people who have to work for a living and depend on earning money for what they can spend. The 1% makes its money basically by lending out their money to the 99%, on charging interest and speculating. So the stock market's doubled, the bond market's gone way up, and the 1% are earning more money than ever before, but the 99% are not. They're having to pay the 1%.
When life appears to be working against you, when your luck is down, when the supposedly wrong people show up, or when you slip up and return to old, self-defeating habits, recognize the signs that you're out of harmony with intention.
The United States is the most indebted country in the world. It has almost 17 billion dollars of debt with the rest of the world while living off the world's savings. They are living off the savings of the people of Greece, the savings of the people of Spain, France etc. All of those countries that save their reserves in the banks in dollars are simply financing the American economy, and that is why the average American citizen consumes two and a half times more than their income.
Capital market liberalization includes freeing up deposit and lending rates, opening up the market to foreign banks, and removing restrictions on capital account transactions and bank lending. The focus is on deregulation, not on finding the right regulatory structure.
What we want as an economy is companies and people, you know, working hard to come up with creative ways to be more productive. We don't want companies and people working hard to lobby government for special tax cuts.
I started Verite on savings from three years working at Applebee's in Times Square. I was a ridiculously good waitress. I was making more money than my brother, who worked at a start-up.
After getting driven into the ground by the policies of the Bush administration, the economy is creeping up. It's doing that because people are sticking their shoulders to the wheel. Community banks are doing a lot of lending to small businesses and keeping them going.
President Obama should stop campaigning and start working on creating jobs, start working on getting our GDP up, start working on strengthening our borders.
Any society that entails the strengthening of the state apparatus by giving it unchecked control over the economy, and re-unites the polity and the economy, is an historical regression. In it there is no more future for the public, or for the freedoms it supported, than there was under feudalism.
By strengthening the economy, providing job opportunity and meeting the needs of working families, we can ensure the continued prosperity of our nation.
By habits of thrift and economy, by way of the industrial school and college, we are coming up. We are crawling up, working up, yea, bursting up-often through oppression, unjust discrimination and prejudice-but through them all we are coming up, and with proper habits, intelligence, and property, there is no power on earth than can permanently stay our progress.
What was it with people always trying to kill me in the library? Nickamedes so needed to put up warning signs. Danger: Working here could be hazardous to your health.
The idea of strengthening health savings accounts... that bolsters the marketplace.
Positive thinking is just one small part of positive psychology. Plus, as an approach to well-being, positive thinking only helps you to the extent that it yields one or more positive emotions. The problem with positive thinking is that it sometimes just stays up "in the head" and fails to drip down to become a fully embodied experience.
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