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  • Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets. We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past. But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?
  • 5 years ago



    Tags : Alan Greenspan Quotes , Past Quotes , Japan Quotes
  • Whether we be Italians or Frenchmen, misery concerns us all. Ever since history has been written, ever since philosophy has meditated, misery has been the garment of the human race; the moment has at length arrived for tearing off that rag, and for replacing, upon the naked limbs of the Man-People, the sinister fragment of the past with the grand purple robe of the dawn.
  • 5 years ago



    Tags : Victor Hugo Quotes , Philosophy Quotes , Past Quotes
  • How simple the writing of literature would be if it were only necessary to write in another way what has been well written. It is because we have had such great writers in the past that a writer is driven far out past where he can go, out to where no one can help him.
  • 5 years ago



    Tags : Ernest Hemingway Quotes , Writing Quotes , Past Quotes
  • Over the past eight years, the United States has worked hard to deepen partnerships across the region and across South-east Asia in particular. We're now a part of the East Asia Summit and we have a strategic partnership with Asean. At the US-Asean Leaders Summit I hosted earlier this year in Sunnylands, California, we agreed to a set of principles that will shape the future peace and prosperity of the region, from promoting innovation and furthering economic integration to addressing transnational challenges like global health security and climate change.
  • 5 years ago



    Tags : Barack Obama Quotes , Past Quotes , Eight Quotes