Category Archives: Random Quotes

Exxon CEO’s statement RE: Oil Prices

Anyone who has read my blog for some time, knows that I am bullish on oil over the next 12-24 months. I recommended purchasing oil in the 50s and low 60s .  I still like it over that period, but think it ran up a bit too fast.  Rex Tillerson, CEO of Exxon said on 6/16/09 The recent rise in oil prices is mainly caused by the weak dollar and not supported by market fundamentals.  “When you look at just fundamentals, there’s not a lot to support this kind of price movement we have seen…in the last six weeks…Concerns about a weakening dollar and coming inflation have led some investors to bet on an economic recovery and try to get ahead of a rally.”

Source:  Rex Tillerson, Exxon CEO statements made at a gas conference the Dutch city of Groningen.

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Filed under Commodity Prices, Credit Crisis, Economy, Inflation, Random Quotes, Stock Market

Quote of the Day: Herbert Hoover

“About the time we think we can make ends meet, somebody moves the ends”

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Quote of the Day by Mark Twain

“It isn’t the sum you get, it’s how much you can buy with it, that’s the important thing; and it’s that that tells whether your wages are high in fact or only high in name.” 

Mark Twain

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Quote of the day: By George Washington

“Government is not reason; it is not eloquent; it is force.  Like fire, it is a dangerous servant and a fearful master.” 

George Washington

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Filed under Politix, President Obama, Random Quotes

Quote of the Day on Credit Default Swaps: Nassim Taleb

We refused to touch credit default swaps. It would be like buying insurance on the Titanic from someone on the Titanic.

Nassim Taleb

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Quote of the Day: Bruce Lee could’ve have been one hell of a trader!

Be like water making its way through cracks. Do not be assertive, but adjust to the object, and you shall find a way round or through it. If nothing within you stays rigid, outward things will disclose themselves.

Empty your mind, be formless. Shapeless, like water. If you put water into a cup, it becomes the cup. You put water into a bottle and it becomes the bottle. You put it in a teapot it becomes the teapot. Now, water can flow or it can crash. Be water my friend.

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Random Fact: Obama on the budget “Let’s save millions and blow trillions”

President Barack Obama on Monday directed his cabinet secretaries to slice $100 million out of their departmental budgets–an amount equal to 0.007 percent of the deficit spending Obama plans to undertake in 2010.

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