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Letter "P" » Paul Nolte Quotes
«[Hickel:] Karl Marx's key error is the idea that capitalism develops according to laws, that these laws are described by the tendency of the profit rate to drop, and that in the long run the system must collapse. This hypothesis has proven to be wrong, because capitalism has repeatedly found new ways of dealing with its crises. Through this inevitability of capitalism, Marx underestimates the need for political shaping. ... Marx fundamentally underestimated the nature of liberal democracy, he didn't comprehend liberal democracy. Concepts such as tolerance, civil rights and liberties, parlamentarianism - all these categories went totally unrecognised by Marx, and that had fatal consequences.»
Author: Paul Nolte
«Searching through the Alphabet Soup»
Author: Paul Nolte
«To a certain extent, Bush's speech about increased spending in the U.S. Gulf Coast is helping the market. I am not too terribly surprised that consumer confidence is low because the number is colored by Katrina. The upgrades are certainly helping Intel and Exxon, and that's boosting the Dow.»
Author: Paul Nolte
«To a certain extent, Bush's speech about increased spending in the U.S. Gulf Coast is helping the market. I am not too terribly surprised that consumer confidence is low because the number is colored by Katrina.»
Author: Paul Nolte
«We still like the fact that we're in an environment where no matter what happens in the economy, they (pharmaceutical companies) are still going to be doing business.»
Author: Paul Nolte
«There is some concern over drugs coming off of patents and the expense of those drugs, and in some cases, such as with Pfizer and Merck, the efficacy issues, ... But we still can't get away from the fact that we're looking at an aging population and drugs are an integral part of keeping us going as long as we possibly can.»
Author: Paul Nolte
«are supportive of higher stock prices.»
Author: Paul Nolte
«But whether the market is going to have the staying power beyond today, I think we will be able to determine that toward the close,»
Author: Paul Nolte
«Right now sentiment is all loaded on one side of the market. It gives you the idea we're running late in the game -- we may be in the process of putting in a short-term top in the market.»
Author: Paul Nolte
«Now, instead of every bit of good news being hailed as the latest sign of recovery, it is being scorned as another nail in the coffin for easy money.»
Author: Paul Nolte
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