Incredibly, at this critical juncture in financial history, after which so much changed so quickly, the only constraint in the subprime mortgage market was a shortage of people willing to bet against it.
There is no way in which one can buck the market.
In fact, without any exaggeration, the current mechanism of money creation through credit is certainly the "cancer" that's irretrievably eroding market economies of private property.maurice allais
We mustn't fear to adopt the advanced management methods applied in capitalist countries (...) The very essence of socialism is the liberation and development of the productive systems (...) Socialism and market economy are not incompatible (...) We should be concerned about right-wing deviations, but most of all, we must be concerned about left-wing deviations.Deng Xiaoping
The New Finance focused on the market's major systematic mistake. In failing to appreciate the strength of competitive forces in a market economy, it over estimates the length of the short run. In doing so, it overreacts to records of success and failure for individual companies, driving the prices of successful firms too high and their unsuccessful counterparts too low.robert haugen
Elsdon was once a market town as some say, and a city according to others; but as the annals of the parish were lost several centuries ago, it is impossible to determine what age it was either the one or the other. There are not the least traces of the former grandeur to be found, whence some antiquaries are apt to believe that it lost both its trade and charter at the Deluge.charles dodgson
In most cases the favorable price performance will be accompanied by a well-defined improvement in the average earnings, in the dividend, and in the balance-sheet position. Thus in the long run the market test and the ordinary business test of a successful equity commitment tend to be largely identical.benjamin graham
Unfortunately, throughout the housing crisis we’ve seen innocent homeowners who have been victims of shady mortgage lenders and unscrupulous individuals who have used a down market to line their own pockets at the expense of others. This bill is designed to send a message by revising our laws to ensure criminals are brought to justice and that law enforcement has the tools to uncover these fraudulent schemes and go after the bad actors. Criminals should be put on notice that ripping off homeowners and taxpayers won’t be tolerated.chuck grassley
The market is sovereign and in the magic economy of the small entrepreneur there is no authoritarian center… in the political sphere… the equilibrium of powers prevails, and hence there is no chance of despotism.c. wright mills
Reckless people have deluded themselves that this was a subprime crisis. But we have problems with credit-card debt, student-loan debt, auto loans, commercial real estate loans, home-equity loans, corporate debt and loans that financed leveraged buyouts... We have a subprime financial system, not a subprime mortgage market.nouriel roubini
I think there is a world market for maybe five computers.
The entrepreneur is the person who seeks to identify what consumers, at home or abroad or both, want and would be willing to buy at a profitable price. These entrepreneurs are the job-creators because it is they who gather the men and women, the material, the machinery, and the money to turn the vision of a market into a reality.
A central concern of macroeconomics is the upswings and downswings in the level of real output called the business cycle. The business cycle consists of alternating periods of economic growth and contraction. Business cycles are inherent in market economies.Irvin Tucker
Ah me, why did they build my house by the road to the market town?rabindranath tagore
Corruption exists because there is too much, not too little, market.
From the point of view of social health and economic efficiency, society should obtain its material equipment at the cheapest price possible, and after providing for depreciation and expansion should distribute the whole product to its working members and their dependents. What happens at present, however, is that its workers are hired at the cheapest price which the market (as modified by organization) allows, and that the surplus, somewhat diminished by taxation, is distributed to the owners of property.
Don't open your diamonds in a vegetable market. Tie them in bundle and keep them in your heart, and go your own way.
South of the two lakes, Bhopal is more modern, with wide roads, shopping complexes and upmarket hotels and restaurants nestled comfortably in the Arera and Shamla Hills, which overlook the lakes and the old city beyond. The central district here is known as New market.
We have to get rid of the passive welfare mentality that has taken over our people. Our traditional economy was a real economy and demanded responsibility (you don’t work, you starve). The whitefella market economy is real (you don’t work, you don’t get paid).
Corruption often exists because there are too many market forces, not too few.ha-joon chang
That certain women were ready to sell themselves caused no excessive disgust in Isabelle. It was inevitable that a number of both men and women should compromise the institution of marriage by marrying for money, and once that happened there could be no question of impressing on the toughly logical female mind the unique vileness of prostitution. She had sometimes wondered, too, whether the contempt men felt for women who market their favors did not in part proceed from from the sense of grievance eternally felt by buyers against vendors.rebecca west
Markets can be efficient or inefficient; so can governments. thus market failure is a counterpoint to government failure.
Looking back the great American ‘stabilisation’ [and boom] of 1922-1929 was really a vast attempt to destabilise the value of money in terms of human effort by means of a colossal programme of investment [driven by too easy credit]... which succeeded for a surprisingly long period, but which no human ingenuity could have managed to direct indefinitely on sound and balanced lines. [and therefore it ended dramatically in the huge 1929 stock market crash followed by the Great Depression].
When men have realized that time has upset many fighting faiths, they may come to believe even more than they believe the very foundations of their own conduct that the ultimate good is better reached by free trade in ideas that the best test of truth is the power of the thought to get itself accepted in the competition of the market and that truth is the only ground upon which their wishes safely can be carried out. That at any rate is the theory of our Constitution.