A Quote by Jamie Dimon
Some things never change - there will be another crisis, and its impact will be felt by the financial markets.
Quote Topics
Quote Author
Related Quotes
I think we will have continuing danger from these markets and that we will have repeats of the financial crisis - [they] may differ in details but there will be significant financial downturns and disasters attributed to this regulatory gap, over and over, until we learn from experience
I think that will only really change when the human races begins to suffer some of the extremely severe consequences of climate change which may be some decades ahead. They will then realise, as we have with the financial crisis, that we are up against the wall and hitting the buffers and we have got to change.
It is easier to invest for cash flow during a financial crisis. So don't waste a good crisis by hiding your head in the sand. The longer the crisis lasts, the richer some people will become.
Ultimately savings have to go somewhere and I think they will find their home in financial markets and within financial markets, a large part in equity.
You can't look back at the worst financial crisis of our lifetimes that started in 2008 and not have some important lessons about the critical nature of oversights in financial markets and institutions.
There was a time when if you had a financial crisis in Southeast Asia somewhere, it had no impact on our markets. Today it does.
Significant changes in the growth rate of money supply, even small ones, impact the financial markets first. Then, they impact changes in the real economy, usually in six to nine months, but in a range of three to 18 months. Usually in about two years in the US, they correlate with changes in the rate of inflation or deflation."
"The leads are long and variable, though the more inflation a society has experienced, history shows, the shorter the time lead will be between a change in money supply growth and the subsequent change in inflation.
The impact on the broader economy and financial markets of the problems in the subprime markets seems likely to be contained.
Rather than waiting for a crisis to erupt before intervening, the IMF should provide 'forward guidance' on how it will tackle potential disruptions in international financial markets.
There is definitely going to be another financial crisis around the corner because we haven’t solved any of the things that caused the previous crisis.
Now, the impact on export markets - we export about 10 percent of what we produce, so obviously that will probably have some impact on the market. At this point it's too early to determine how much.
At some point, there will be some other financial crisis. It's in the nature of a capitalist system.
If we leave the European Union, there will be an immediate economic shock that will hit financial markets. People will not know what the future looks like.
Developments in financial markets can have broad economic effects felt by many outside the markets.
Financial innovation can be highly dangerous, though almost no one will tell you this. New financial products are typically created for sunny days and are almost never stress-tested for stormy weather. Securitization is an area that almost perfectly fits this description; markets for securitized assets such as subprime mortgages completely collapsed in 2008 and have not fully recovered. Ironically, the government is eager to restore the securitization markets back to their pre-collapse stature.
The great fear that I have regarding the outcome for America of these disclosures is that nothing will change. [People] won't be willing to take the risks necessary to stand up and fight to change things And in the months ahead, the years ahead, it's only going to get worse. [The NSA will] say that because of the crisis, the dangers that we face in the world, some new and unpredicted threat, we need more authority, we need more power, and there will be nothing the people can do at that point to oppose it. And it will be turnkey tyranny.
Related Authors
Bill Gates Quotes
American
Businessman
Charlie Munger Quotes
American
Businessman
Dieter F. Uchtdorf Quotes
German
Businessman
Henry Ford Quotes
American
Businessman
Jim Rohn Quotes
American
Businessman
Joseph B. Wirthlin Quotes
American
Businessman
Mark Cuban Quotes
American
Businessman
Mark Zuckerberg Quotes
American
Businessman
Peter Drucker Quotes
American
Businessman
Richard Branson Quotes
British
Businessman
Russell Simmons Quotes
American
Businessman
Sam Altman Quotes
American
Businessman
Steve Jobs Quotes
American
Businessman
Tom Peters Quotes
American
Businessman
Walt Disney Quotes
American
Businessman
Warren Buffett Quotes
American
Businessman