Zitat des Tages von Wilbur Ross:
I am not anti-trade. I am pro-trade. But I am pro-sensible trade.
I'm a very big proponent of cloud. We've used it a lot in private sector, and as far as we can tell, it is not only more efficient, it's probably also more secure for lots of very complicated technical reasons. I think it's a very important thing for government to do, and also to have systems that talk to each other.
Mexico has 44 treaties with other countries that make it very advantageous to do international shipping from Mexico rather than from the United States.
We are the world's biggest importer. We need to treat the other countries as good suppliers.
If you want to do something to destroy consumer spending, just eat away at the middle class because the other problem we have is the structural problem of middle class America.
The rules of origin in NAFTA need some tightening. Rules of origin are what let material outside of NAFTA to come in and benefit from all the taxes and tariff reductions within NAFTA.
The E.U., China, and Japan all talk free trade, and they all practice protectionism.
If people know you have the big bazooka, you probably don't have to use it.
I think at the end of the day, the real sick man of Europe is liable to turn out to be France, not Greece, not Portugal, not Spain, not Italy. The reason is France is very uncompetitive to begin with on a global scale, and the measures that Hollande has been putting in have been very, very negative from the point of view of economic growth.
I believe if we and the Mexicans make a very sensible trade agreement, the Mexican peso will recover quite a lot.
We'll be aggressive on trade because we know that deals that have been made historically have resulted in the great loss of manufacturing jobs, a great amount of closed manufacturing businesses. We don't want that to continue.
Hillary Clinton can't tell a good trade deal from bad one.
Absent some international interruption, there's no real justification for oil being more than $90 or $100 a barrel.
The reality is if something were to happen that cost China jobs - like, if they upwardly revalued the currency a lot - those jobs aren't going to come back to the U.S. They would go to Vietnam; they would go to Thailand. They would go to whatever country was the lowest cost.
NAFTA is an ancient treaty.
I don't think there's anything inherently wrong with a bank being big. In fact, there are some good arguments about universality of geography that in theory, if you have all your eggs in one little community, and some big employer goes out, that could be your downfall.
In many critical things, such as the very high purity of the aluminium we need in aerospace, we only have one producer. That's not a good formula.
If you think about it: a big bank in any country, what is it? Really, as an investment, it's a warrant on economy.
Confrontational things, admission of error, admission of defeat, restructuring, laying people off - those are not American ideals.
There is no evidence that more regulation makes things better. The most highly regulated industry in America is commercial banking, and that didn't save those institutions from making terrible decisions.
Barring some national security concern, I see no valid reason to keep peer-reviewed research from the public. To be clear, by 'peer review,' I mean scientific review and not a political filter.
China is the most protectionist country of the very large countries. They talk more about free trade than they actually practice.
Banking, I would argue, is the most heavily regulated industry in the world. Regulations don't solve things. Supervision solves things.
Mexico has 44 treaties with other countries that make it very advantageous to do international shipping from Mexico rather than from the United States. Believe it or not, Mexico has better treaties with the rest of the world than the United States does.
If you add up all the promises any politicians makes, the math doesn't work.
I still like TIPS (Treasury inflation-protected securities), and I think a big opportunity is coming in the municipal bond market.
Many of the smaller banks have had to get to the point where they now have more compliance people than they have lending offices. That's crazy.
The problem with regional trade agreements is you get picked apart by the first country. Then you negotiate with the second country. You get picked apart. And you go with the third one. You get picked apart again.
Between the Community Redevelopment Act, requiring banks to make what I would call very weak loans, and specific quotas that the Congress imposed on Fannie Mae and Freddie Mac, that created the market demand that really led to the subprime phenomenon.
Generally speaking, companies get into bankruptcy as a kind of meritocracy. Somebody made some sort of big mistake, to get into bankruptcy, and very often, a part of the mistake is too much leverage.
Believe it or not, Mexico has better treaties with the rest of the world than the Unites States does.
Washington, D.C., is the new Wall Street. No significant financial transaction of any consequence occurs without it.
To me, the most terrifying form of warfare would be if there was some simultaneous cyber attack on our grid, on the banking system, and on our transportation system. That would be quite a devastating thing, and yet in theory, absent some real protective measures, that could happen.
The fact that you're successful doesn't mean that you can't relate to working people.
I think partly the decline in the peso was due to worry about renegotiation of NAFTA, but I think we also need to think about some other mechanisms for making the peso/dollar exchange rate a bit more stable.
It's important to have a sound idea, but the really important thing is the implementation.
