Alex Berenson's Quotes
Economics pretends to be a science. Its practitioners fill blackboards with equations and clog computers with data. But it is really a faith, or more accurately a set of overlapping and squabbling faiths, each with its own doctrines.
Alex BerensonBig banks have long had private equity divisions that put up capital for deals too complex or risky for individual shareholders to finance.
Alex BerensonTo finance deficits, the government must sell bonds to investors, competing for capital that could otherwise be used to invest in stocks or corporate bonds. Government borrowings raise long-term interest rates, stifling economic growth.
Alex BerensonAfrican runners regularly work out in the United States and Europe, and the International Olympic Committee sends some of the cash from the Games to Olympic committees in poor nations, which use the money to finance their own programs.
Alex BerensonLike many other banks and finance companies, Green Tree used a process called securitization to resell its home loans to outside investors. Green Tree grouped thousands of these small loans into a pool worth hundreds of millions of dollars.
Alex BerensonInformation technology departments must spend enormous amounts of time and money worrying about integrating big computer systems with billions of pieces of customer data.
Alex BerensonMany legal experts note that prosecutors regularly seek indictments of people or companies for destroying evidence or impeding investigations, even if they cannot prove other charges.
Alex BerensonGenerally, a rally will have staying power, technicians say, if, in addition to price movements, it has heavy trading volume and breadth, meaning that several stocks rise for each stock that falls.
Alex BerensonGood spectator sports share certain fundamentals. Their competitors battle head-to-head. Their winners are determined objectively: fastest runner, most points. They are refereed, not judged.
Alex Berenson