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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
  • Many of us marvel at the icy insensitivity with which women snuff out their armours. But if they did not blot out the past in this manner, life for them would lose all dignity and they could never resist the fatal familiarities to which they once submitted.
  • 5 years ago



    Tags : Honore De Balzac Quotes , Past Quotes , Icy Quotes
  • In my humble opinion, non-cooperation with evil is as much a duty as is cooperation with good. But in the past, non-cooperation has been deliberately expressed in violence to the evildoer. I am endeavoring to show my countrymen that violent non-cooperation only multiplies evil and that evil can only be sustained by violence. Withdrawal of support of evil requires complete abstention from violence. Non-violence implies voluntary submission to the penalty for non-cooperation with evil.
  • 5 years ago



    Tags : Mahatma Gandhi Quotes , Humble Quotes , Past Quotes
  • Pleasure to me is wonder—the unexplored, the unexpected, the thing that is hidden and the changeless thing that lurks behind superficial mutability. To trace the remote in the immediate; the eternal in the ephemeral; the past in the present; the infinite in the finite; these are to me the springs of delight and beauty.
  • 5 years ago



    Tags : H. P. Lovecraft Quotes , Spring Quotes , Past Quotes