Robert Harris Quotes

Developments in financial markets can have broad economic effects felt by many outside the markets.

Our economy is increasingly dependent on the success and integrity of the financial markets.

At some point, there will be some other financial crisis. It's in the nature of a capitalist system.

The Mexican debt crisis, Latin American debt crisis, the crises of the 1990s, the Wall Street stock market crash, and other events should have reminded us, and did remind us, that financial instability remains a concern, remains a problem.

I think a lot of us feel, when we look at the Dow Jones plunging, alienated - you do feel as if we're in the grip of some alien force that slipped human control.

What would a loss of confidence in the dollar actually look like? Gold going absolutely nuts.

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

There's a loss of faith in the banking system that for so long has been the backbone of prosperity and growth.

The financial industry may not be synonymous with economics, but it does control a large enough sector of the global economy to sink us all, as was unnervingly demonstrated in 2008.

The Fed cannot levitate markets forever. And when they finally do move, I think we have to be prepared for a considerable amount of turbulence.

The bull market, rising prices, earning lots of money, make it seem as if the good days will never end. When prices are falling and there is a recession, that also feels as though it will last for ever. Politics is the same. People simply can't imagine changing circumstances.

I think it's been, you know, kind of like a tragic play to this point. But at this point, I think it's clear, and will be clear to the majority of the Congress. I think it's clear to the American people that there is only one countervailing force to a world where financial institutions are trying to sell instruments every day and where credit has dried up, and that's the United States Treasury.

Electrical fire and the fire of greed kindle economies. In that flux, nations become digitized commodities on stock-exchange floors and on investors' rating screens. A country becomes a product to be rated for its obedience to paying of deficits and debts.

History has not dealt kindly with the aftermath of protracted periods of low risk premiums.

The markets don't like instability and they don't like uncertainty.

We live in an era where the global capital markets are the super power in the world, and when they move against you as they've moved against Russia, as we've all seen in the ruble, there's nothing that can stop that.

The stability of global financial markets is a public good. If governments fail to protect this public good, then those who suffer are the working people of the world whose jobs, whose homes, and whose standard of living depends on it.

I don't know what a credit bubble means. I don't even know what a bubble means. These words have become popular. I don't think they have any meaning.

When growth is slower-than-expected, stocks go down. When inflation is higher-than-expected, bonds go down. When inflation is lower-than-expected, bonds go up.

If the markets had behaved badly, that would obviously add to people's sense of alarm... but there has been a lot of reassurance coming, particularly in the way the Brits handled all this. There seems to be no great fear that something like that is going to happen here.

One of the most constant aspects of American life is change - and nowhere is it more evident than in our financial markets.

Every day, every week without taking decisions is a problem for us, is a very wrong message for the markets and increases the lack of credibility of our economies.

People clinging to job security, savings, retirement plans, and other relics will be the ones financially-ravaged from 2010-2020, the most volatile world-changing decade in history.

The euphoria around economic booms often obscures the possibility for a bust, which explains why leaders typically miss the warning signs.

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