"Every market valuation is a number from today multiplied by a story about tomorrow, and the stories change much faster than the numbers."
"The Federal Reserve is always powerful. For decades, and certainly since the Global Financial Crisis, it has probably been the single most important driver of the world economy and markets. It hasn’t lost that role, but for the coming few months it may be out of the driving seat."
"Valuation of gold is very much an art and not a science."
"There’s a difference between economics and an economic call and a market call. And while they're not 100 percent independent by any means, they're certainly not brother or sister, we'd say they're probably second cousins."
"The Federal Reserve is always powerful. For decades, and certainly since the Global Financial Crisis, it has probably been the single most important driver of the world economy and markets. It hasn’t lost that role, but for the coming few months it may be out of the driving seat."
"Valuation of gold is very much an art and not a science."
"There’s a difference between economics and an economic call and a market call. And while they're not 100 percent independent by any means, they're certainly not brother or sister, we'd say they're probably second cousins."