It's time for Minyanville's quotes of the week! From Ben Bernanke to Dave Barry, we take a look at who's talking the talk.
–American tourist Michael Kingsley, on the high price of his European vacation due to the declining value of the dollar
"It's just play money."
–his wife Laura
"The underlying inflation rate is tame. But that is not a whole lot of solace for the average American, who is spending a record amount for gasoline, and now food prices are approaching record highs."
–Mark Zandi, chief economist of Moody's Economy.com
"There is no victory at bargain basement prices."
–Dwight D. Eisenhower
"The last seven weeks have been a billion-dollar game of Texas Hold 'Em high stakes poker. We had the "Flop" at the end of June as the S&P broke its 50 day moving average on subprime slime. We had the "Turn" back up on Wednesday as the S&P recovered Tuesday's break of the 50 dma yet once again. Now comes the "River" card. It's do or die. There are no more smoke and mirrors."
–Minyanville's Jeff "Coop de Ville" Cooper
"I have this phobia: I don't like mirrors."
"The recent expansion of the subprime market was clearly accompanied by deterioration in underwriting standards and in some cases, by abusive lending practices and outright fraud."
–Fed chairman Ben Bernanke during his July 18 Humphrey Hawkins testimony
"No one will find me to have knowingly committed fraud."
–Bernard Ebbers, sometime before being convicted on nine counts of fraud
"The ABX markets are getting hammered. Bids dropping points at a time. So when the NAV's for some of the funds that own these dogs come out, 1-800-GET-ME-OUT is gonna heat up."
–Minyanville bond guru Bennet Sedacca
"When I get really hammered I take my clothes off."
–REM's Michael Stipe
"It is very important for us to find and execute deals in the U.S. as we're trying to create a diversified portfolio."
–Sameer al-Ansari, Dubai International Capital's CEO
"I always said that Tupac was the bigger MC because of his stardom and diversity, but Biggie was the more pure MC."
–Kool Moe Dee
"It's difficult to ascertain whether Bear Stearns (BSC), CDOs, or Mark to Market, will serve as the spark in the dark. What's clear is that the matches are in the hands of many. What remains to be seen is when someone strikes the flame."
–Minyanville founder and CEO Todd Harrison
"You can't start a fire without a spark."
"We see no signs that a turnaround in newspapers is anywhere on the horizon."
–Morgan Stanley (MS) analyst Lisa Monaco on the newspaper industry, in a note to investors
"Newspaper readership is declining like crazy. In fact, there's a good chance that nobody is reading my column."
–Dave Barry, in his column
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