Both governors and every commissioner are responsible. This is not necessarily a money emergency because people are crossing the bridges, paying their tolls and the bills are being paid. But bond markets do not look favorably on unpredictable, unreliable, politically driven decisions. Government organizations are created to pass budgets and meet bond covenants. To do otherwise is irresponsible. -David Kotok

 

Both governors and every commissioner are responsible. This is not necessarily a money emergency because people are crossing the bridges, paying their tolls and the bills are being paid. But bond markets do not look favorably on unpredictable, unreliable, politically driven decisions. Government organizations are created to pass budgets and meet bond covenants. To do otherwise is irresponsible.


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This quote is just one of 9 total David Kotok quotes in our collection. David Kotok is known for saying 'Both governors and every commissioner are responsible. This is not necessarily a money emergency because people are crossing the bridges, paying their tolls and the bills are being paid. But bond markets do not look favorably on unpredictable, unreliable, politically driven decisions. Government organizations are created to pass budgets and meet bond covenants. To do otherwise is irresponsible.' as well as some of the following quotes.

Gold is hoarded by institutions and banks even while they say it has no monetary value, which means they are talking out of both sides of their mouths.

David Kotok

I hate to say it, but war is good for stocks.

David Kotok

All should be summoned to one room. Then they should all light up cigars. When the room is filled with smoke, they should turn off the air conditioning and don't let anybody out until they reach a decision. Shouldn't take any more than 20 minutes.

David Kotok

There's a point at which the Fed has to indicate that it has to pause and look around for a while, and that could come in these minutes, or the next ones.

David Kotok

Longer-term rates will not rise dramatically as long as the Fed keeps the short-term policy rate at 1 percent. However, the pressure for upward movement in bond rates is already there and will persist.

David Kotok