Without a blockbuster of a program in his second term it is unlikely that Bush can go very far in the history books on the back of a paltry 3 or 4 percentage point tax cut for the rich.
More Quotes from Bill Gross:
What it suggests this time is a 2 percent economy in 2006, as opposed to a recession.Bill Gross
The fact is that GE is a conglomerate financed by a money machine -- its subsidiary GE Capital -- but, unlike Berkshire Hathaway, its foundation is vulnerable because its survival depends upon the confidence of outside investors,
Bill Gross
The market can move for irrational reasons, and you have to be prepared for that, ... you need to make big bets when the odds are in your favor -- not big enough to ruin you, but big enough to make a difference.
Bill Gross
With all this consumer debt, business debt, government debt, smaller movements in interest rates have a magnified effect... a small movement can tip the boat.
Bill Gross
Human nature means that institutions at some point lose their sense of mission. That sense of vulnerability drives Pimco.
Bill Gross
if those people are holders of government bonds based upon a benign outlook for inflation, they had better cash some of them in, especially at today's 4.0 yield for 10-year Treasuries.
Bill Gross
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Based on Topics: History Quotes, Money & Wealth QuotesThere is no explanation for evil. It must be looked upon as a necessary part of the order of the universe. To ignore it is childish, to bewail it senseless.
W. Somerset Maugham
Cast changes are a hard thing. For two years, we had this little family. We weren't together when these changes were decided upon. It all happened during our hiatus.
Victoria Pratt
When the railways of France, Germany and India were breaking down through age, it was the Americans who rebuilt them.
Gordon Sinclair