Quotes of All Topics . Occasions . Authors
NAFTA is an ancient treaty.
I believe in the two-party system.
Hillary Clinton can't tell a good trade deal from bad one.
There's trade, there's sensible trade, and there's dumb trade.
A company not under sanction is just like any other company, period.
If you add up all the promises any politicians makes, the math doesn't work.
Shale gas, if left to flourish, could create several hundred thousand more jobs.
The E.U., China, and Japan all talk free trade, and they all practice protectionism.
The fact that you're successful doesn't mean that you can't relate to working people.
It's important to have a sound idea, but the really important thing is the implementation.
My obligation is to disclose companies in which I'm an officer, a director, or an investor.
We're in a trade war. We've been in a trade war for decades. That's why we have the deficit.
We are the world's biggest importer. We need to treat the other countries as good suppliers.
Believe it or not, Mexico has better treaties with the rest of the world than the Unites States does.
I'm pro-trade, but I'm pro-sensible trade, not pro-trade that is to the disadvantage of the American worker.
I believe if we and the Mexicans make a very sensible trade agreement, the Mexican peso will recover quite a lot.
If you think about it: a big bank in any country, what is it? Really, as an investment, it's a warrant on economy.
Absent some international interruption, there's no real justification for oil being more than $90 or $100 a barrel.
Washington, D.C., is the new Wall Street. No significant financial transaction of any consequence occurs without it.
Ships are a strange kind of commodity because they're very lumpy, very big individual units, but they're commodities.
You cannot just keep borrowing more and more and keep spending more and more without eventually having a day of reckoning.
There isn't a bank in the world that could withstand a run. They all borrow short and lend long, regardless of what they say.
China is the most protectionist country of the very large countries. They talk more about free trade than they actually practice.
I still like TIPS (Treasury inflation-protected securities), and I think a big opportunity is coming in the municipal bond market.
Confrontational things, admission of error, admission of defeat, restructuring, laying people off - those are not American ideals.
The way we'll get more jobs is by creating new industries, new companies, businesses that are higher tech and therefore can compete.
Shipping has a great oversupply of vessels that came from over-ordering a few years back. We think 2014 may be when it turns around.
Banking, I would argue, is the most heavily regulated industry in the world. Regulations don't solve things. Supervision solves things.
I think it's natural for any manager to want to grow his business. The question is at what rate, and in what direction, and in what format?
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.
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.
The E.U. is one of our largest trading partners, and any negotiations legally must be conducted at the E.U. level and not with individual nations.
Mexico has 44 treaties with other countries that make it very advantageous to do international shipping from Mexico rather than from the United States.
I see myself as a private-equity investor that helps rebuild companies. Restructuring is a cottage industry in that there aren't that many serious practitioners.
Part of the reason why I'm supporting Trump is that I think we need a more radical, new approach to government - at least in the U.S. - from what we've had before.
China is the world's biggest exporter, but they're also the people with one of the highest tariffs on imports in the whole world. That seems a little bit oxymoronic.
Regulations don't solve things. Supervision solves things. If we could figure out that the subprime thing was a train wreck that was coming, where were the regulators?
There are deep value opportunities in insurance stocks, which were beaten down because of their exposure to the subprime crisis, annuities, and commercial real estate.
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.
My wife Hillary sometimes accuses me of trying to reinvent the 19th century. In some ways she's right because I like things that I can understand and that aren't too complicated.
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.
I think what we have to do is figure out how to make sure we get the benefits of improved technology and yet cope with the dislocation that it will inevitably produce in certain industries.
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.
The whole idea of a trade deal is to build a fence around participants inside and give them an advantage over the outside. So there's a conceptual flaw in that, one of many conceptual flaws in NAFTA.
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.
Enforcement is a very important part of the administration strategy. We think that even our friendly nations should live by the rules, and if they don't, we will intend to enforce things against them.
The United States is the least protectionist country in the world but has the largest trade deficit, while other countries are highly protectionist and have huge trade surpluses. This cannot continue.
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.
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.
There is a future for the auto parts industry, but it needs a consolidation and a rationalization of geography in that most suppliers have facilities in the U.S., although most of their customers are overseas.