What we define as a bubble is any kind of debt-fueled asset inflation where the cash flow generated by the asset itself - a rental property, office building, condo - does not cover the debt incurred to buy the asset. So you depend on a greater fool, if you will, to come in and buy at a higher price.
They don't want to be reminded that there is an authority higher than the authority of the state.
Students often approached me about state-paid tuition while I was out campaigning. After I explained to them that if the state pays their tuition now, they will pay higher taxes to pay other people's tuition for the rest of their lives, most of them ended up agreeing with me.
Well, there's no doubt about the fact that, that higher energy prices lead to greater conservation, greater energy efficiency, and they also, of course, play a useful role on the supply side.
The whole order of nature evinces a progressive march towards a higher life.
I think it's frightening for all of us to contemplate that there's more to the universe than just us, in whatever form it takes, that there are higher forces at work, and to me, that's always a scary notion.
I don't know that I can give a definitive answer to that, I can only say that if we create the right climate those who are producing those products will have the opportunity to move into a higher value product if changes are needed if we get this right.
You have to perform at a consistently higher level than others. That's the mark of a true professional.
JP Morgan always has higher capital liquidity, that is partially to make up for mistakes and problems and obviously it's a tough economy. We support an oversight committee, we supported some of the compensation, new compensation rules, though we already follow most of them. We support a lot of it.
We are all are equal, but some pay higher tax rates than others.
I went to Queen's - a fine university with the proudly stupidest frosh week in the country. This was, when I was there, supposed to be somehow evidence of a higher social class.
Bernanke and company are trying to reflate the economy with almost stated objective of inflation at 2 percent and higher in order to provide some type of safety margin for a future recession. That's where they want to go.
I believe in a higher power and I believe in good and bad, right and wrong. You sleep in the bed you make.
The more we reduce ourselves to machines in the lower things, the more force we shall set free to use in the higher.
If lenders are forced to scale back student lending because private student loans are subject to bankruptcy discharge, many students will be denied access to higher education.
The first step in Occultism is the study of the invisible Worlds. These Worlds are invisible to the majority of people because of the dormancy of the finer and higher senses whereby they may be perceived, in the same way that the Physical World about us is perceived through the physical senses.
I train my muscles, and I do a lot of stretching, and try to kick higher. But for me, practicing kung-fu is a way to relax myself.
This is the other thing: we make the cost of raising kids higher than it has to be just because we feel they need all this stuff, like gadgets, certain schools, and activities that are nice but aren't really necessary.
I believe the American people are entitled to some straight talk when it comes to higher education funding.
I think the curiosity of mankind, that we want something unknown. Like, 500 years ago, humankind wanted to know what the other side of the ocean is, and it was a very risky project, and then we decided that probably we can fly; let's fly higher. And now we're flying space station, and still it's not enough for us: we want to know what's beyond.
When I have reached a summit, I leave it with great reluctance, unless it is to reach for another, higher one.
Successful organizations, including the Military, have learned that the higher the risk, the more necessary it is to engage everyone's commitment and intelligence.
The blunt tools of legislation or union power can force a corporation to pay higher wages, but if employees don't create an equal amount of additional value, there's no net gain.
The higher the building the lower the morals.
Who would give a law to lovers? Love is unto itself a higher law.
As I said a moment ago, there is no higher priority in our budget, or certainly in the budgets of the past few years, than providing for what is needed for the protection and security of our country and support of our troops.
They demanded a monopoly of the coasting trade, in order to get higher freights than they could get in open competition with the carriers of the world.
I went to a lot of college camps when I was younger... You just admire those players because they're at a higher level than you at that time.
Whether we like it or not, men have more of the offices, more of the higher jobs, more of the seats in Congress. Men need to re-examine what their power is. We need to understand how to use it.
Instead of focusing on growing jobs and reigniting our economy, President Obama focused on growing government and tried to remake the United States into the image of the debt-laden countries of Europe. His approach has been more spending, more regulation, and higher taxes.
Mark Meadows will fight for what's right, because he understands that higher taxes and more regulations are not the way to solve our country's problems.
Death consists, indeed, in a repeated process of unrobing, or unsheathing. The immortal part of man shakes off from itself, one after the other, its outer casings, and - as the snake from its skin, the butterfly from its chrysalis - emerges from one after another, passing into a higher state of consciousness.
When I look at my daughter, who's 24, she is much more confident than I ever was and her expectations are higher. But I worry that there is a backlash brewing against progress on equality.
Love is much nicer to be in than an automobile accident, a tight girdle, a higher tax bracket or a holding pattern over Philadelphia.
Alas! Alas! Life is full of disappointments; as one reaches one ridge there is always another and a higher one beyond which blocks the view.
There is no higher value in our society than integrity.
