No man bears more responsibility for the present worldwide financial crisis and coming depression than Alan Greenspan.
Bill BonnerPeople are upset. They know something is wrong. But they don't know what. The real explanation is too complicated. They won't sit still for it. So, they look for scapegoats - the rich...the banks...the Chinese.
Bill BonnerYou can forget about recovery. There is no recovery - and there's not going to be any recovery. Recovery is an impossibility.
Bill BonnerA man on his owns knows that he is best advised to leave his dumbbell neighbors alone. But let him join a political party, and he fantasizes that he has the right and the power to tell everyone on the block what to do.
Bill BonnerPeople do not get what they want or what they expect from the markets; they get what they deserve.
Bill BonnerNorman Rockwell spent his career painting pictures that helped people understand their own feelings...pictures that enriched their own experiences and celebrated their own lives. But the art establishment branded him an 'illustrator', a sentimental one at that. Real artists, they said were doing art for art's sake, not for the sake of the bourgeois public. Real artists were putting swiggles, smears or daubs of paint on the canvas. They were doing 'innovative' and 'creative' work. If they were hideous and grotesque; we know that's what life really is!
Bill Bonner