A Quote by Rick Santelli
I've talked about commodity price volatility in the past: go back to the tape... I never said it was about inflation.
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[Bernard Leach] talked about painting, but we never talked about ceramics in that evening. But at the end of the evening he said to us, "Well," he said, "I've changed my mind, and if you want, you can come back a year from now and apprentice in the workshop."
The interesting thing was we never talked about pottery. Bernard [Leach] talked about social issues; he talked about the world political situation, he talked about the economy, he talked about all kinds of things.
We will not allow our country ever to be at the mercy of commodity price volatility or external markets.
In the long run, the gold price has to go up in relation to paper money. There is no other way. To what price, that depends on the scale of the inflation - and we know that inflation will continue.
Somebody talked me into writing an autobiography about six or seven years ago. And I said I'd try. We talked into a tape recorder, and after a couple of months, I said, To hell with it. I was so depressed. It was like saying, 'This is the end.' I was more interested in what the hell was coming the next day or the next week.
Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets. We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past. But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?
If global oil prices or commodity prices are high, then it is bound to create inflation. So, we should not be too worried if the inflation is created by global commodity prices. When they come down, inflation will automatically come down.
I was quitting…As I was taking those steps I was saying, ‘Somebody please stop me.’ Lionel Taylor, our receivers coach, said, ‘Hold up a minute,’ and he sat down in the car and we talked. I don’t know what we talked about but I was glad we talked because I went back. And that’s when it started.
Getting back to inflation, it is important to note that the producer price Index does not reflect wage pressures - and that is where the inflation threat really lies.
I always say that, I never talked about the NBA, I never talked about anything because I was just playing basketball for fun. I didn't think about being a professional and I didn't even know you could be signed.
We pay some price when necessary to bring down inflation but that price is temporary and is not large relative to the permanent gain from reduced inflation.
What people today call inflation is not inflation, i.e., the increase in the quantity of money and money substitutes, but the general rise in commodity prices and wage rates which is the inevitable consequence of inflation.
I've watched all (of Webb's) dunks on tape. I talked to him about what his preparations were going into the dunk contest. He just said he practiced a couple of days before. That's what I did. I practiced for two weeks, I know my routine, and I'm going to go in there, and I'm not going to shy away from it.
It's not about being upset about the things you might have said or done yesterday, which is quite appropriate at the moment. It's about looking forward rather than looking back. I hate people who look back on the past or talk about what might have been.
I've never just said things recklessly without thinking about it or talking to people about it. I always go back to my people and talk to them about it.
The last time I talked to Axl was in 1996. That was the last time we exchanged any sort of words. There was a rumor that I talked to him a while back [and asked to rejoin the band]. I did go to his house one night, and I talked to his assistant about something that had to do with this lawsuit that we were involved in. But it got turned into something else. He went out and made a press release that said I actually spoke to him, which was all bullshit. I was really shocked.
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