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Lord Lawson`s Son On Lord Turner
There is no case in favour of wait and see….by waiting we should have missed out on the great restructuring of the European economy and its trading patterns….to stay out now would be a terrible mistake.
Quote by: Lord Adair Turner
Quote made on: 2002
Quote Submitted by: David Snape
Source: Dominic Lawson of "The Sunday Times" (12/08/2012)
Editor's Notes
It seems possible that Dominic Lawson does not consider Lord Adair Turner to be his favoured candidate to replace Sir Mervyn King at the BoE.
In addition to the above, Mr Lawson went on to say: “Above all, we should not forget Turner`s obsessive proselytising for British membership of the euro while he was Director-General of the CBI. Given that the euro can be saved only by what Turner at the time described as the widely-held fallacy that the single currency requires a large central budget in Brussels, one might expect some humility: but that is not his style – and I doubt he sees the incongruity in applying for the job of printing billions of a currency he campaigned to abolish.”
Remind me not to get on the wrong side of Dominic Lawson.
(3 votes, average: 4.67 out of 10)
Loading ...Published on: August 14, 2012
Silver Tongued?
A Combination of Investor Demand and Industrial Uptake Will Cause Silver to Outperform Gold This Year
Quote by: Ani Markova (Co-manager of Smith & Williamson Global Gold and Resources Fund)
Quote made on: 21/03/2012
Quote Submitted by: Francis Mattison
Source: FE Trustnet News and Research
Editor's Notes
Opining that, “silver was quite volatile in 2011, but we are now optimistic it will go through a period of consolidation”, Ms. Markova lucidly went on to make a strong case for the out-performance of silver over gold in the short-term.
Back in March this year, the price of silver stood at $32.14, whilst that of gold was $1,652.
At the time of writing, silver has slumped to $26.96 per ounce (down a whopping 16.12%), whilst gold has fallen somewhat less to $1575.30 (down 4.64%).
Could have gone either way, I guess.
(2 votes, average: 5.50 out of 10)
Loading ...Published on: July 26, 2012
Growth and Enterprise
…so that growth and enterprise are not stifled
Quote by: Vince Cable
Quote made on: 2006
Quote Submitted by: Financial Foot in Mouth
Source: Association of Foreign Bankers` spring luncheon
Editor's Notes
Vince Cable, commenting on Letwin`s proposals, said he also favoured light-touch regulation for markets, “…so that growth and enterprise are not stifled”. He returned to this theme in 2006, in a speech to the Association of Foreign Bankers` spring luncheon, warning of the dangers of excessive regulation of the City and favouring “a lighter touch”.
” Vince`s coalition colleague, Mark Hoban, does not appear to be so concerned about the perils of excessive regulation. In fact, addressing Parliament on 12 December 2011, he blamed the light touch approach of the previous government and spoke of the `gross failures’ of the regulatory regime.”
(3 votes, average: 6.00 out of 10)
Loading ...Published on: July 8, 2012
