A Quote by Wolfgang Schauble
There are several silver linings on the horizon. The current account deficits in Spain and Portugal are declining because they have become more competitive and they're exporting more.
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The U.S. has been living in a situation of excesses for too long. Consumers were out spending more than their income and the country was spending more than its income, running up large current-account deficits. Now we have to tighten our belts and save more.
But because we in the United States finance our current account deficit by borrowing in our own currency, we can move to a more competitive dollar without the adverse effects that followed currency declines in other countries.
The United States as usual has a sizable deficit in the current account of its balance of payments, trade account and other current accounts, current account items.
The big difference between league football in England and Spain is that more teams compete here. In Spain, it is usually only two teams going for the title, which is not necessarily a bad thing because you get great matches between the two, but I think the English league is better for being more competitive.
Once you run current-account deficits, you depend on the kindness of strangers. This might be the beginning of the end of the American empire.
One of the reasons why they are optimistic is that there is more competition. Red Bull has become more competitive, the races have become more attractive - and that is what fans want!
Our biggest learnings come only from the biggest blows, hence, I'd request one and all to look out for the silver linings and focus on positive thoughts and ideas, because as I always say, every cloud has a silver lining, and every sunset ends with a beautiful sunrise.
I believe that the world has become more democratic and open. Women have become more outspoken, more active and competitive. They have achieved great accomplishments in many fields that were previously dominated by men.
But the primary reason for wanting the dollar to become more competitive in the near future is that we may need an increase in exports this year and in 2007 to sustain the economy's current pace of expansion.
Dramas are incredibly compelling. I feel like 'Silver Linings Playbook' is a drama, but because it's funny, people market it as a comedy.
We don't need more politicians insisting we have deficits because you're not taxed enough. Those deficits ballooned from an economy that didn't grow enough and from 50 years of government spending too much.
If current trends continue, the typical U.S. worker will be considerably more productive several decades from now. Thus, one might argue that letting future generations bear the burden of population aging is appropriate, as they will likely be richer than we are even taking that burden into account.
Competitiveness is defined as the ability of companies to compete while maintaining or improving the average standard of living. If you are cutting wages to become more competitive, that's not really more competitive. It's raising the skill and the efficiency of those workers so that they can support and sustain that higher wage.
The primary reason I'm in real estate, oil, gold, and silver is because the U.S. dollar has become the peso the world. It's becoming more and more worthless as the U.S. is the world's biggest debtor nation.
I like to see the silver linings in things.
There are several more careers more engaging to follow than that of poetry. But the circumstances of one's birth, the conduct of one's parents, the current economic structure of society, and a thousand other local factors have as much or more to say about successions to such occupations, the naive volitions of the poet to the contrary.
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