If you look back historically at the post-WWII period on average, if you get a 100-basis-point increase in Fed funds, the spillover to the ten-year is only 35 basis points, and 25 basis points into the 30-year - it's a fairly small spillover effect.
The Fed wants to raise rates because they've been yelling and screaming about it. They've been crying wolf for so long that their credibility is shot, and I think they feel they need to.
If you become a monk because it's an easy life, because you're going to be fed, and sheltered and people will respect you, then that is not a very meritorious motivation.
People in the U.S. always got to be spoon-fed. If it's something to difficult to understand, they don't give it a chance. They want something real simple that they can sing along with and play in the clubs and that's about it. In the UK, their whole mind set is completely different.
[That is] hard to predict, [it] could be either September or December [2016] I personally think the sooner the better because that would be a good sign that the Fed believes the economy is significantly stronger.
When the secretary of treasury, the head of the central bank, the head of the FDIC (Federal Deposit Insurance Corp.), and the head of the New York Fed say, "We want you to do this because we think it's in the best interest of the United States of America," you know, we're like the Japanese. We're a little patriotic that way. We said, "Yes, sir!"
The reality is the most important thing that can be done are these permanent changes like to the tax code, reduction of government spending. These are the things that pop up in economy and move it in the right direction, start to make it an economy that is moving because of the money in the private economy. When you think about it, when the Fed is lowering an interest rate, what it's doing is it's creating more liquidity. It's putting more money into the economy. The same thing happens when you reduce the tax except if happens from physical policy.
If I were the treasury secretary or head of the Fed, you know, I would try to scare the hell the out of the private sector and say, you better save this because you're going down with the ship.
I came from a background where I was very poor growing up but I have never known poverty. My parents worked hard and they went to bed hungry, but they fed us. Then my father became an ambassador, so I ended up being driven by chauffeurs. And then we became refugees. After that, I looked at it through this "glass" of to have and have not, and at the end of the day, who actually helps, who actually steps up, who is there for you.
It was clear that [the number] just kept growing, and there were no [Hillary] Clinton signs. People were fed up.
I remember seeing Stand by Me, when I was around 12, and just feeling like, "This is so refreshing to see kids swear and smoke cigarettes like my friends." It just felt much more real than the Sesame Street version of childhood that I'd been spoon-fed.
There is no normal life; it's just an idea we've been fed. People who realize that tend to be the happiest.
One of the things I think is very likely is that with the prospects of robust fiscal stimulus in response to voters mad as hell, the Fed is going to be in there with helicopter money. In other words, they're going to be buying whatever the Treasury issues. They're not going to, in effect, advocate strong fiscal stimulus and then not finance it. And that's helicopter money.
When this country here was first being founded, there were 13 colonies. The whites were colonized. They were fed up with this taxation without representation. So some of them stood up and said, liberty or death.
I saw a survey and it is that NFL fans are fed up with listening to players talk about politics.
Fed and electoral college could use some tinkering, but they are not the source of the problems.
Just as the birds of the air are fed, we'll continue to be fed.
I can say with confidence that I never bought into the hype, and I made sure that the people around me didn't buy into the hype, and I did not surround myself with people who fed me the hype. And I'm glad of that as well.
I think the Davis Cup has some untapped potential. It should be as prominent as the Grand Slams when it takes place. If you put it together with Fed Cup for an organized, nationalistic team competition taking place in a central location for two weeks, I think that would be beneficial from a fan interest stand point, from a media stand point and from a television stand point.
When your four biggest tournaments all operate relatively independently, and the ATP and WTA tour operate independently, and you have Davis Cup and Fed Cup that operate independently, it makes it a tough message.
America is fed up with political correctness, and it is fed up with government that doesn't work. It's fed up with weakness being interpreted as wisdom.
I think we're paralyzed by the virtues of a combination of liberalism and bureaucracy. And Trump doesn't know any of that. All he knows, and he's like every other citizen, fed up with it.
Troops must be fed with ammunition and so on but also with information, with images, with visual intelligence. Without these elements troops cannot perform their duties properly. This is what is meant by the logistics of perception.
The world is fed by greed.
Donald Trump is sort of an Orwellian figure, an authoritarian figure who is twisting words in an Orwellian manner, "1984," to exercise power and control people's minds, or is he a 5-year-old who has an ego that needs to be fed, and the universe has to warp around his ego needs so he can feel good about himself, and everybody has to produce photos to make the monarch feel like he's made of gold.
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