“The monetary union was flawed from inception. It included, under the framework of a single currency and a single monetary policy, countries that were likely to have very divergent outcomes and therefore would prefer to see different exchange rates, interest rates, and monetary policy responses.”— Larry Hatheway
The quote archive
A growing archive of 3,000+ moments, drawn from every interview.
I don't have to outrun the Tiger, I just have to outrun you. When you look at many of the financial centres such as The City of London, Wall St, and their counterparts, they think of things in Economic terms.
— Marc ChandlerChief Strategist & Senior Currency Strategist at Bannockburn Global Forex
The average American worker was subject to danger every bit as great as soldiers in war.
— President HarrisonMen are cheaper than shingles.
— Anonymous EmployerThese policies are, in the long term, very dangerous for productivity, growth, entrepreneurial spirit and wealth generation and will create further issues within the developed economies.
— John BrynjolfssonUnknown.
The developed world actually has worse demographics when looking at competitiveness and systemic issues, and has a lot of work to do in order to shore up financial systems.
— John BrynjolfssonUnknown.
This problem originated in the most sophisticated and advanced financial markets because those are the markets where leverage was the greatest and people took the most advantage of it.
— John BrynjolfssonUnknown.
The policies they prescribe are a continuation or exaggeration of the previous policies that created the structural problems in the first place.
— John BrynjolfssonUnknown.
In a highly emotive and risk-averse market, rationality seems to fall by the wayside, with investors trigger-happy to pull immense volumes of liquidity out of assets at the earliest risk warning.
— Not AvailableOur nations cannot exist independently, we are intrinsically linked to the global economy, and another-nations problems will, invariably, affect us.
— Not AvailablePolitically and practically, the Euro Zone nations cannot be seen to bail-out Greece. Not only would this set a potentially dangerous precedent, but it could also affect the overall financial stability of the system itself.
— Not AvailableThe USD is the world's most liquid currency, used as the tool of choice for global finance. It is for that reason that we, as observers, must pay great attention to policy changes such as this.
— Not specifiedThe Federal Reserve has, historically, used the discount rate as a tool to 'test' market reactions to monetary policy. We are in extremely volatile markets, and raising the discount rate allows the Fed to observe the reaction their actions will have once they are reflected in the core 'Funds Rate'.
— Not specifiedThe modifications are not expected to lead to tighter financial conditions for households and businesses and do not signal any change in the outlook for the economy or for monetary policy.
— Federal ReserveCentral bank system managing US monetary policy and financial stability
Toyota's reputation for long-term quality is finished. People aren't going to buy Toyotas, period. It doesn't matter which model. What's happened is sufficient to keep people out of the stores.
— Maryann KellerAutomotive industry analyst and consultant, known for expertise in car manufacturing.
For commercial markets, a shift to collaborative economies is not far behind, and businesses must change their thinking about the nature competition, defending value, and other strategies if they wish to grow in an uncertain future.
— UnknownParticipants in each market, faced with threats, had to put competitive behaviour aside and realise the strength of collaboration.
— Unknown