In normal times, investors should pay more attention to the credit markets because it's the energy by which everything is driven. It's the oil in the engine.

I think that there's been a lot of people in Congress that didn't know all the ins and outs of the Constitution. I think we have a whole roomful of people that have record legislation in terms of quantity of pages that didn't read it.

One thing that served me well with clients was that you back your winners and you back your losers.

The jobs outlook in the U.S. isn't very good. And it's really about young people.

We have mountain of debt that isn't going away and all the problems are here to stay, and anybody who tells you that is a good thing ought to get out of the business of helping the government down the road.

I can't remember the exact quote but when I used to trade and Mr. Volcker was Fed chairman, he said something like 'gold is my enemy, I'm always watching what gold is doing', we need to think why he made a statement like that. If you're a central banker or one of the congressmen or senators, watch what gold is doing because this is a no-confidence vote in fiscal and dollar policy.

You need more people to perpetuate a myth because if the people stop the myth is known to all.