Bonmots

“Wäre Goldman [Sachs] ein Autobauer, hätte er also defekte Bremsen eingebaut und gleichzeitig seinem Bremslieferanten eine Versicherung verkauft, die zahlt, wenn der Autokäufer verunfallt.” SonntagsZeitung, 18.4.2010

“Transfer payments from Uncle Sam now make up a record 18% of personal income. – Wow. 18% of personal income in the US is now from the US government (also known as taxpayers, current and future.)” John Mauldin, Thoughts from the Frontline, 14.3.2010

“Why are China, Russia and the Asian nations so intent on building up their gold reserves? And why are so many central banks now reversing their stance on gold? Instead of selling their gold, the central banks are now trying to buy gold. Think about it!” Richard Russel, Dow Theory Letters, 29.12.2009

“Wall Street invented the expression ‘Too big to fail’, and the nation swallowed that nonsense. No entity is too big to fail. During the Great Depression, thousands of banks, big and small, failed. But the nation survived and eventually prospered.” Richard Russel, Dow Theory Letters, 19.2.2010