
2016, September 2016, First presidential debate (September 26, 2016)
2010s, 2015, Presidential Bid Announcement (June 16, 2015)
2016, September 2016, First presidential debate (September 26, 2016)
2010s, 2016, September, First presidential debate (September 26, 2016)
Context: We have the worst revival of an economy since the Great Depression. And believe me: We're in a bubble right now. And the only thing that looks good is the stock market, but if you raise interest rates even a little bit, that's going to come crashing down.
BuzzFlash interview (2004)
Context: Stock market bubbles don't grow out of thin air. They have a solid basis in reality — but reality as distorted by a misconception. Under normal conditions misconceptions are self-correcting, and the markets tend toward some kind of equilibrium. Occasionally, a misconception is reinforced by a trend prevailing in reality, and that is when a boom-bust process gets under way. Eventually the gap between reality and its false interpretation becomes unsustainable, and the bubble bursts.
“Double, treble, quadruple bubble, watch the stock market get into trouble…”
Source: The Keys to the Kingdom series, Grim Tuesday (2004), p. 75.
“What small potatoes we all are, compared with what we might be!”
Fifteenth Week.
My Summer in a Garden (1870)
“We generally did not talk about the stock market very much at the Fed.”
Source: 2000s, The Age of Turbulence (2008), Chapter Eight, "Irrational Exuberance", p. 165.
Source: The Intelligent Investor: The Classic Text on Value Investing (1949), Chapter II, The Investor and Stock-Market Fluctuations, p. 36