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Famous quotes by Clyde

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    I Like this quote I dislike this quoteIt doesn't take any great stretch of the imagination to see what could happen if one of these central bank managers decides to dump dollars. We had a situation recently when a mid-level official at the Central Bank of Korea used the word 'diversification'. It was a throwaway remark at some obscure lunch, but there was instantaneous overreaction. The US stock market fell by 100 points in 15 minutes because the implication was that South Korea might be shifting out of US dollars. So picture this: you have a quiet day in the market and maybe some smart MBA at the Central Bank of Chile or someplace looks at his portfolio and says, 'I got too many dollars here. I'm gonna dump $10 billion'. So he dumps his dollars and suddenly the market thinks, 'My god, this is it!' Of course, the first guy out is OK, but you sure as hell can't afford to be the last guy out. You would then see an immediate cascade effect - a world financial panic on a scale that would dwarf the Great Depression of the 1930s.

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    I Like this quote I dislike this quotecentered all my aspirations and hopes about where I'd end up: in a jet fighter cockpit.

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    I Like this quote I dislike this quoteRaney ... Describes more people I know than any book I've read.

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    I Like this quote I dislike this quoteWe are consuming more than we produce.

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    I Like this quote I dislike this quoteSolo: My Adventures in the Air,

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Born on year
1905, 1944.
Died on year
1960.
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