People may still remember the ten smartest words in economic history said by former president George W. Bush in the middle of GFC - "If money isn't loosened up, this sucker could go down."
The incumbent president Obama also demonstrated his financial wit on March 9th, 2009.
Obama commented on the day when the S&P 500 traded at 696: “On the other hand, what you’re now seeing is profit and earnings ratios are starting to get to the point where buying stocks is a potentially good deal if you’ve got a long-term perspective on it.”
Since his observation, the S&P 500 has soared by 185% and never looked back.
That was a pretty extraordinary call by someone who has no knowledge about economy ... ...
People may still remember the ten smartest words in economic history said by former president George W. Bush in the middle of GFC - "If money isn't loosened up, this sucker could go down." The incumbent president Obama also demonstrated his financial wit on March 9th, 2009. Obama commented on the day when the S&P 500 traded at 696: “On the other hand, what you’re now seeing is profit and earnings ratios are starting to get to the point where buying stocks is a potentially good deal if you’ve got a long-term perspective on it.” Since his observation, the S&P 500 has soared by 185% and never looked back. That was a pretty extraordinary call by someone who has no knowledge about economy ... ...