The Week in Words: Paradigm shift; regenerative juices

Posted: October 02, 2011

"You mention QE2, and everything goes dark."

- Charles I. Plosser, president of the Federal Reserve Bank of Philadelphia, joking when the lights went out during his speech Thursday at the Villanova School of Business second annual Business Leaders Forum.

"It's hard to see the possibility of losing on a home purchase right now, with these mortgage rates."

- Dean Baker, codirector of the Center for Economic & Policy Research.

"There's a lot of different kinds of people here who want to shift the paradigm to something that's addressing the huge gap between the rich and the poor."

- Actress Susan Sarandon, as she toured a makeshift kitchen in New York for about 100 people protesting social inequality and what they call the greed of Wall Street financial firms.

"Investors are hypersensitive to any data at the moment. Ordinary announcements have heightened significance in an environment where investors are watching for potential shifts in the trajectories of the domestic and global economies."

- Lawrence Creatura, a Rochester, N.Y., fund manager at Federated Investors Inc., which oversees about

$350 billion.

"We have a recovery going. I don't think that fiscal stimulus or monetary policy from this point forth will do a lot, to be perfectly honest. I do think that the natural regenerative juices of capitalism will do, and are doing, plenty."

- Berkshire Hathaway Inc.'s Warren Buffett,

billionaire investor.

"Remember in 2008, when the U.S. let Lehman Bros. fail, the global financial system paid the price. For both economic reasons and moral reasons, we can't let Greece fail."

- French President Nicolas Sarkozy, who met with Greek Prime Minister George Papandreou in Paris on Friday.


Compiled from The Inquirer, Associated Press, Bloomberg News.

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