Charles Dallara Quotes

The global economic outlook remains fragile and uncertain. Global economic imbalances persist and we must address them or risk future instability.

Investors should be cautiously positioned as the global economy and markets face major uncertainties. The downgrade will be a further headwind to growth and job creation in the U.S.

Financial advice needs to change according to what is happening in the economy.

I don’t care a damn about stocks and bonds, but I don’t want to see them go down the first day I am President.

The entire economy relies on the suspension of disbelief. So does a fairy story or an animated cartoon. This means that no matter how soberly the financial experts dress, no matter how dry their language, the economy they worship can only ever be as plausible as an episode of 'SpongeBob SquarePants.'

Finance is wholly different from the rest the economy.

The markets are much more interested in America's long-term trajectory than they are in feeling that there is an acute short-term crisis.

A second reason why science cannot replace judgement is the behavior of financial markets.

A financial crisis is a great time for professional investors and a horrible time for average ones.

You have a class of investors and you have a class of speculators. The speculators historically haven't been big enough to cause the investors to doubt the long-term vision of stock.

Nobody at CNBC owns gold. Nobody at Bloomberg owns gold. Gold is being constantly talked down by the media, and Fed officials, and economists, who also don't own any gold. They're all stocked up in equities.

You then get into a period a few years ago, where a lot of external factors that we didn't have anything to do with did hit, and some of them at the same time... devaluations, weak economies, you name it, in various parts of the world.

Only a strong economy can create higher asset values and sustainably good returns for savers.

Bankers know that history is inflationary and that money is the last thing a wise man will hoard.

As long as there is cash, and the economy is running, all is well. But as a bank, we'll have to test, experiment, try a hundred different things. A few may work, a few may fail, but we have to experiment and try.

You always want to try to make something new, and, of course, America is the world leader in economics today.

Right now the long-term investors are telling us that they're not as concerned about inflation and so we're seeing these rates now move into the marketplace and out to the street - rates that individuals can get.

I'm sometimes accused of being hostile to mutual funds. That's not fair, really. There is a place for them. Still, I am hostile to one thing, which is trying to use funds to time your way in and out of the market. That's a recipe for very bad results.

Economic and financial crisis are getting much more usual, and they are not confined to a given country but they immediately spread all over the world, and you have to be prepared for that.

Political risk is hard to manage because so much comes down to the personal choices of policymakers, whether prime ministers or heads of central banks.

But the world is ever more interdependent. Stock markets and economies rise and fall together. Confidence is the key to prosperity. Insecurity spreads like contagion. So people crave stability and order.

One cannot see any world leader who has got a grip on the financial markets these days. They're too big, too fast. I think that's quite scary.

Different countries have different kinds of financial structures.

Financial markets will tolerate a Republican deficit but will run screaming in panic from a Democratic deficit a fraction its size.

In a global marketplace with its increased insecurities and - indeed often - volatility and instability, national economic stability is at a premium, the precondition for all we can achieve, and no nation can secure the high levels of sustainable investment it needs without both monetary and fiscal stability together.