A conversation Peter Peterson
By Barry Ritholtz - July 8th, 2009, 7:15PM
A conversation Peter Peterson, Founder of Peter G. Peterson Foundation
In any great organization it is far, far safer to be wrong with the majority than to be right alone. —John Kenneth Galbraith
Macro Notes
US$ rally continuesPeter Boockvar
Asian currencies continue to sell off vs the $ on the heels of the news yesterday that South Korea said they will look into hot money inflows stemming from the $ carry trade and the Bank of Indonesia said they are looking into the foreign buying of bills. This follows the news a few weeks ago that Taiwan was limiting foreign deposit holdings and Brazil was taxing foreign inflow transactions. As I mentioned yesterday, we may have reached a short term pain threshold in terms of $ weakness and foreign countries are fighting back as they certainly won't wait for...
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July 9th, 2009 at 12:57 am
Mr. Peterson’s sage insight is worth the watch. Thank you Mr. Peterson for sharing your thoughts and for establishing the Peter G. Peterson Foundation.
Mr. Peterson’s valuable qualities:
1. Focus, as Adam Smith said, on your comparative advantage. Focus on the things you do best.
2. Follow your bliss, your passions. As Cambell said.
This is when Pete has done well.
3. Ask yourself, How much do you get from this county and how much have you given back?
Focus on the future. We are great deniers of the future. We have become too short-term oriented. From consumers to politicians we need to focus on the next generation.
Get involved in public policy.
July 9th, 2009 at 8:31 am
Peter G. Peterson ? No Thanks……
“The country, the world is sick with fear about our jobs, about keeping our houses, about the plunging values in our 401ks. The LAST thing we need is the Peter G. Petersons fear-mongering Social Security.”
http://angrybear.blogspot.com/2009/03/social-security-101-arming-for-battle.html