“The balance sheets of all banks in 2012 are weaker than in 2008. The banking sector as a whole today is less liquid, less profitable, less stable, less sound and with poorer asset quality as compared with 2008 and the recent past”-Haseeb Drabu , former CEO, J&K Bank said in an article in Mint
“We stay away from places that have impossible governments and impossible tax regimes, which means Sayonara to India.”-David Bonderman, founding partner of TPG Capital said at a Milken Institute conference in Los Angeles on a panel of private equity investors
“No asset is safe now. The only choice to hedge risks is to hold hard currency – gold“- says Chinese Central Banker Zhang Jianhua, director of the research bureau affiliated with the People’s Bank of China (PBOC)
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“One of the ironies of the stock market is the emphasis on activity,” Warren Buffett said in the 1984 letter. “But investors should understand that what is good for the croupier is not good for the customer. A hyperactive stock market is the pickpocket of enterprise“
“Somewhere down the line we will have a massive wealth destruction that usually happens either through very high inflation or through social unrest or through war or a credit market collapse”-Marc Faber, April 2, 2012 on CNBC