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The lesson for Asia is; if you have a central bank, have a floating exchange rate; if you want to have a fixed exchange rate, abolish your central bank and adopt a currency board instead. Either extreme; a fixed exchange rate through a currency board, but no central bank, or a central bank plus truly floating exchange rates; either of those is a tenable arrangement. But a pegged exchange rate with a central bank is a recipe for trouble.
Milton FriedmanThey say the average bank robber lives within say about 20 miles of the bank that he robs There's this little bank not so far from here I've been watching now for a while Seems like lately alls I can think about is how bad I wanna go out in style
Todd SniderJPMorgan was already, for the most part. Our businesses at JPMorgan share the same cash-management systems. The commercial bank, the private bank, the retail bank, they all use the branches. The cash-management system moves the money around the world - for global corporations, and for you, the consumer, too.
Jamie DimonThe underlying strategy of the Fed is to tell people, "Do you want your money to lose value in the bank, or do you want to put it in the stock market?" They're trying to push money into the stock market, into hedge funds, to temporarily bid up prices. Then, all of a sudden, the Fed can raise interest rates, let the stock market prices collapse and the people will lose even more in the stock market than they would have by the negative interest rates in the bank. So it's a pro-Wall Street financial engineering gimmick.
Michael HudsonThese days I mostly worry โbout my bank account/I ainโt backinโ out โtil I own a bank to brag about.
Himanshu SuriHousing associations have fingered the fact that they cannot use their assets as liquidity due to Bank of England rules unlike their continental equivalents. This has emerged to be one of the main bottlenecks to getting investment going in the U.K. It is a Bank of England issue.
Vince CableFinance ministers and central bank governors have the seats at the table, not labor unions or labor ministers. Finance ministers and central bank governors are linked to financial communities in their countries, so they push policies that reflect the viewpoints and interests of the financial community and barely hear the voices of those who are the first victims of dictated policies.
Joseph StiglitzA bank in Washington was robbed by two men in George W. Bush masks. Luckily, right afterwards two guys in President Obama masks came and bailed the bank out, so everything is fine.
Conan O'BrienMitt Romney will travel to London where he will attend the Olympics opening ceremony. Of course it's going ot be weird when they're announcing all the countries, and he's like 'Got a bank account there, got one there, two bank accounts there.'
Jimmy FallonMy monetary studies have led me to the conclusion that central banks could profitably be replaced by computers geared to provide a steady rate of growth in the quantity of money. Fortunately for me personally, and for a select group of fellow economists, that conclusion has had no practical impactโฆ else there would have been no Central Bank of Sweden to have established the award [Nobel Prize] I am honoured to receive.
Milton FriedmanI don't bask in the awards I've won, read my bank statements, I refuse. To me, that's how you start losing the hunger.
QuestloveWhy did I rob banks? Because I enjoyed it. I loved it. I was more alive when I was inside a bank, robbing it, than at any other time in my life. I enjoyed everything about it so much that one or two weeks later I'd be out looking for the next job. But to me the money was the chips, that's all.
Willie SuttonIf you ask around, it's pretty easy to find someone who has a bank account overdraft horror story to tell.
Carolyn MaloneyGreece's debts are all denominated in euros, but it isn't clear who holds how much of those debts. For that reason, the consequences of a national bankruptcy would be incalculable. Greece is just as systemically important as a major bank.
Wolfgang SchaubleWhen we were young, there weren't very many smart people in the investment world. You should have seen the people in the bank trust departments. Now, there are armies of smart people at private investment funds, etc . If there were a crisis now, there would be a lot more people with a lot of money ready to take advantage.
Charlie MungerIf you are training properly, you should progress steadily. This doesn't necessarily mean a personal best every time you race ... Each training session should be like putting money in the bank. If your training works, you continue to deposit into your 'strength' account ... Too much training has the opposite effect. Rather than build, it tears down. Your body will tell when you have begun to tip the balance. Just be sure to listen to it.
Grete WaitzNo serious courtship or engagement or marriage is worth the name if we do not fully invest all that we have in it and in so doing trust ourselves totally to the one we love. You cannot succeed in love if you keep one foot out on the bank for safety's sake. The very nature of the endeavor requires that you hold on to each other as tightly as you can and jump in the pool together.
Jeffrey R. HollandMost banks - with Deutsche Bank at the top of the spectrum here - have decided that they can't make money lending to barrowers anymore, so they're going to the second business plan: They lend money to casino capitalists. That is, to people who want to gamble on derivatives.
Michael HudsonWhatever you can handle, it's up to you. Pick something where you are going to do it to failure--in other words, where you can hardly do it. That's the key. So many people will just take five pound weights and do something 10 times. What are they getting out of it? Nothing! Say you are going to build up your bank account. If you put in a penny a day, it's going take a long while. It's the same with exercise--the more you put into it the more you take out.
Jack LaLanneWe have an economy that tells us it is cheaper to destroy earth in real time rather than renew, restore, and sustain it. You can print money to bail out a bank but you can't print life to bail out a planet.
Paul HawkenI am a feral person. I have no bank account. I am unemployable. I own nothing. I lose my shoes sometimes when I go out. It sounds like I'm making a case for my own exceptionalism, which I suppose I am, but I wish it wasn't true.
Tony BurgessOur enemy is not lack of preparation; itโs not the difficulty of the project or the state of the marketplace or the emptiness of our bank account. The enemy is our chattering brain, which, if we give it so much as a nanosecond, will start producing excuses, alibis, transparent self-justifications and a million reasons why we canโt/shouldnโt/wonโt do what we know we need to do.
Steven PressfieldThe serious problems facing the world today will never be solved until women are able to use their full potential on behalf of themselves, their families, and their global and local communities, as the World Bank and others have discovered
Jenny ShipleyThe argument that it is difficult to find women is complete BS. Any bank will tell you that the No. 1 employee they lose the most money on is the mid-tier female they bring on when they are 22 who leaves in her mid to late 30s. These are women they spend a ton of money training, and a ton of money attracting and hiring. And then they lose them. And they lose them for many reasons. They're going to other sectors, other industries. So for us in the financial-services world to say we can't find women is ridiculous. They are out there. We've done it here at Anthemis.
Amy NauiokasIf the Treasury were to fill old bottles with bank-notes, bury them at suitable depths in disused coal-mines which are then filled up to the surface with town rubbish, and leave it to private enterprise on well-tried principles of laissez-faire to dig the notes up again (the right to do so being obtained, of course, by tendering for leases of the note-bearing territory), there need be no more unemployment and, with the help of repercussions, the real income of the community, and its capital wealth, would probably become a good deal greater than it actually is.
John Maynard KeynesThe first interview I went on I got at age 5. It was a commercial for First Federal Bank.
Erin MoranThe first thing that is not obvious to people is global warming is a less-than-1% effect. It's like being shortchanged at the bank by a penny every dollar. Over a long period of time with lots of transactions, that piles up.
Nathan MyhrvoldI don't know [why we're here]. People sometimes say to me, 'Why don't you admit that the humming bird, the butterfly, the Bird of Paradise are proof of the wonderful things produced by Creation?' And I always say, well, when you say that, you've also got to think of a little boy sitting on a river bank, like here, in West Africa, that's got a little worm, a living organism, in his eye and boring through the eyeball and is slowly turning him blind. The Creator God that you believe in, presumably, also made that little worm. Now I personally find that difficult to accommodate.
David AttenboroughI don't know of any other form of life that gathers up all the food it needs in the first two-thirds of its life in order to do nothing in its last third of life. In a utopian presentist society, instead of working extra hard to put money in the bank, you'd be working to provide value for the people around you.
Douglas RushkoffThe Mole was bewitched, entranced, fascinated. By the side of the river he trotted as one trots, when very small, by the side of a man who holds one spellbound by exciting stories; and when tired at last, he sat on the bank, while the river still chattered on to him, a babbling procession of the best stories in the world, sent from the heart of the earth to be told at last to the insatiable sea.
Kenneth GrahameIf I was a gold-digger, I would have a lot of money in my bank account. I'd be worth millions and millions.
Heather MillsBerlin is still a very edgy place, a very cosmopolitan place. It's a place where completely different ideas and cultures come together and clash in a very warm way. In a very warm-hearted way. It's a very young city. It's a vibrant city. It's an exciting city. It's a city that's also scarred by history. I think that's to be celebrated and graffiti is to be celebrated. Graffiti in Berlin is very different than when they spray something on the wall dividing the west bank and Israel. And should be treated as such in Berlin.
Ian BremmerThe president has very little effect on the economy. If you want to put blame or credit, the main person who influences the business cycle is the head of the Federal Reserve Bank.
Robert FogelI like money. That is, it is my preferred means of completing pecuniary transactions. I'm not particularly keen on handing over wads of currency of the realm, but at least one knows where one is, whereas the chequebook is a snare and a delusion, containing misleading numbers of blank cheques when none of the money that the bank contains is rightfully one's own. ... I think banks owe their customers a lot by way of compensation for the aggravation they cause them.
Alice Thomas EllisThis decree is very serious and we will not allow it to pass unopposed. (on Israel offers 10-month West Bank settlement freeze)
Uri OrbachMick Jagger also a music connoisseur and knows everything about that era. So, you knew the music side was going to be top-notch. It's HBO. On Men of Certain Age, if we wanted a song, it would break the bank. But, Vinyl can go all-out.
Ray RomanoWomen hate revolutions and revolutionists. They like men who are docile, and well-regarded at the bank, and never late at meals.
H. L. MenckenComing from having absolutely nothing to having a few grand in the bank, it was a big culture leap. I think that's why I went off the rails a bit really, 'cause there was no training for it. They didn't do fame in schools.
Craig CharlesIf you look at what's happened to the stock market, if you look at what's happened to housing values, if you look at what's happened to bank loan portfolios because the value of their other assets that they've already issued loans against were going down, there was a pretty good argument for trying to pass something at about this level of investment with the divisions as they were - unemployment, food stamps, and tax cuts, aid to education and healthcare, and job creation.
William J. ClintonThe phase of the usury system which we are trying to analyze is more or less Patterson's perception that the Bank of England could have benefit of all the interest on all the money that it creates out of nothing. ... Now the American citizen can, of course, appeal to his constitution, which states that Congress shall have power to coin money or regulate the value thereof and of foreign coin. Such appeal is perhaps quixotic.
Ezra PoundOne time I was on the road with clients with an investment bank, and they thought it would be fun to go to a strip club. It was the most barren thing I've ever seen - this poor woman had nothing on and they were throwing quarters at her.
Melanne VerveerI don't like the term "universal bank." The Chinese government legitimately wants to have a very strong economy. When they talk about SOE reform, they know that's part of it.
Jamie DimonThe fact that you have government-guaranteed student loans has created a whole new sector in the American economy that didn't really exist before - private for-profit universities that sell junk degrees that don't help the students. They promise the students, "We'll help you get a better job. We'll arrange a loan so that you don't have to pay a penny for this education." Their pet bank gets them the government-guaranteed loan, and the student may get the junk degree, but doesn't get a job, so they don't pay the loan.
Michael Hudson