Posts Tagged ‘investments’

“Who did the most damage: Greenspan, Bernanke, or Yellen?…  When Mr. Greenspan took over at the Fed in August 1987, the government owed about $3 trillion… or about 40% of GDP.  Today, the national debt approaches $21 trillion – more than 100% of GDP.  Household and corporate debt levels have shown similar expansions. Overall, for the last 30 years, total (private and public) debt has grown about twice as fast as the economy that supports it….  And now, hundreds of millions of people depend on the EZ money economy created by Greenspan, Bernanke, and Yellen. Their jobs, their incomes, their investments, their retirements – all depend on keeping the fantasy alive.” -Bill Bonner

“Real credit comes from money that is saved… taken out of the consumer economy so that it can be used for emergencies and capital investments.  When it is paid back – usually out of increased output – the world is a richer place.  But try to trick the economy with phony credit – money that was never earned and never saved – and you are just asking for trouble.” -Bill Bonner

Homework Mentality

Posted: February 24, 2015 in Money Matters
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“Rich people: 1. Do their homework. They understand their investments, and 2. They avoid the herd mentality.” -Van Simmons, David Hall

Debt Mistakes

Posted: April 9, 2014 in Debt
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“A debt deflation doesn’t create bad debts or bad investments. It just forces people to own up to their mistakes.” -Bill Bonner

Blowing Wealth

Posted: April 3, 2014 in Money Matters
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“…if you’re blowing money on things you don’t need, you’ll never build substantial wealth… no matter how well your investments are performing.” -David Eifrig