A Quote by Michael H. Moskow
I don't think anyone can answer whether the Fed is going to have to tighten beyond neutral, ... You have to be looking at the economy going forward and that changes as additional data comes in.
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This is where the world is going: direct access from anywhere to any type of data, whether it's a small piece of data or a small answer but a long algorithm to create that answer. The user doesn't care about this.
I'm looking for an intensity of focus. It's a bit like tuning a guitar string. You tighten and tighten, and nothing really changes until you hit that tension, and suddenly it's there: you've got a note.
I think you first have to get into Kim Jong-un's head, you know, which is he's in a state of paranoia. He's incredibly concerned about anything and everything around him. I think these nuclear tests were a message to South Korea after the election. So what we're going to do is continue to tighten the screws. He feels it. He absolutely feels it. And we're going to continue, whether it's sanctions, whether it's press statements, anything that we have to do.
I've played center, power forward. Wherever I can help my team be successful, whether that's playing power forward or center, I'm going to come out and do my job. Nothing changes.
I think we're so addicted to bubble finance at the Fed that they can't get out of the corner they painted themselves into. I think the Fed is making federal debt so cheap that Congress has no interest, Washington has no incentive to ever face up to our massive fiscal gap that is going to grow, and grow as we go forward in time and so we have a paralyzed system.
We're not going back anywhere, we're going forward, we're going forward in democracy, we're going forward in participation, we're going forward with ideas.
It's important for market participants to have a sense of how we think about the economy and the appropriate path of policy, to look at incoming data, and to form their own judgments as to whether or not changes in policy would be appropriate.
The film's title You Can't Be Neutral on a Moving Train. comes from something I used to say in teaching my students "This is not going to be a neutral class." The world is already moving in certain directions and wars are going on and children are going hungry. Terrible things are happening. And so to be neutral in a situation like this is to collaborate with whatever is going on. And I don't want to collaborate with the world as it is. I want to intrude myself. I want to participate in changing the direction of things. So that's the origin of the title.
I hate to make predictions, but I think the economy is going to be permanently changed for the worse. I think our foreign policy is going to lead to changes that will be definitely for the worse, particularly if we drift into a nuclear Iran, which I gather that's what the administration is doing.
Random search for data on ... off-chance is hardly scientific. A questionnaire on 'Intellectual Immoralities' was circulated by a well-known institution. 'Intellectual Immorality No. 4' read: 'Generalizing beyond one's data'. [Wilder Dwight] Bancroft asked whether it would not be more correct to word question no. 4 'Not generalizing beyond one's data.
I have to have faith that we're going to succeed in transforming where we get our energy from. The big worry is whether or not we're going to do it before it's too late. And I think nobody knows the answer to that.
The income disparity is a huge issue. And I think that the only solution to this - there is no easy solution - are fundamental changes. That the world is changing quicker than our policies are changing. And we need the kinds of policies that will let us have a competitive economy going forward.
Even if it does not become cashless economy, it will become a less cash economy, and I think that itself is going to be a good and big achievement, and I think we are, as a country, gone through many of large changes, and ICICI has been a leader in many of them.
I'm never going to be seen as an attacking midfielder who's going to dribble past anyone, create untold chances, and score lots of goals, but going forward is something I've always enjoyed doing.
I'm looking forward to getting to space, looking back to earth out the copula window. I think all of it is going to be a completely new experience that I can't quite predict.
Some years down the pike, we're going to get the real solution, which is going to be a combination of death panels and sales taxes. It's going to be that we're actually going to take Medicare under control, and we're going to have to get some additional revenue, probably from a VAT. But it's not going to happen now.
