A biography for Roger Altmanhasn’t been written yet.
“Too many companies are just being big for the sheer sake of it. Too many CEOs thinking bigger is better.”
“The more Mr. Putin extends the fighting in eastern Ukraine, the more the financial markets will ratchet up their own pressure on Russia.”
“The long-standing wisdom that everyone wins in a single world market has been undermined. Global trade, capital flows, and immigration are declining.”
“Safer cities generally mean stronger urban economies.”
“The idea that America, whose oil production has been declining for the past 40 years, is now on track to become the world's biggest producer by 2015 is still hard to grasp.”
“We live in an era where the global capital markets are the super power in the world, and when they move against you as they've moved against Russia, as we've all seen in the ruble, there's nothing that can stop that.”
“Housing works like a trampoline. When it is pushed down far enough and long enough, it will eventually snap upward very powerfully.”
“Russia's oil fields are mature and require capital and Western technology even to keep production flat.”
“The United States is much further along because its financial crisis struck three years before Europe's, in 2008, causing headwinds that have pressured it ever since.”
“I think Obamacare, for all its controversy, is actually working.”
“The 2008 economic crisis and Great Recession forced widespread restructuring throughout the U.S. economy - not unlike a company gritting its teeth through a lifesaving bankruptcy.”
“If a lending institution is faced with bids for a package of toxic assets that are less than the carrying value of those assets, the sale of those assets would trigger a further loss and reduce the underlying capital of the institution.”
“Many Russia experts note the deep and sad capacity of the Russian people for suffering.”
“Cheap natural gas is a big stimulus to petrochemical production and a meaningful one for all U.S. manufacturing.”
“Reasonable mergers generate substantial synergies, so that provides for earnings and cash-flow growth even if it doesn't provide for revenue growth, and I think that's a big driver.”
“Mergers generate substantial synergies.”
“The 2008 financial crisis and the Great Recession that followed have had devastating effects on the U.S. economy and millions of American lives. But the U.S. economy will emerge from its trauma stronger and widely restructured.”
“China is beginning to act more like a world citizen. We need China to be more active on the world stage. For example, we should want China to be a bigger participant and a bigger shareholder in the IMF. We should want it to be an even more active participant in the G8 and G20.”
“There are a lot of anachronisms in Washington, but the need to periodically raise the debt limit by Congressional vote is certainly one of them.”
“As we all know, the budget decisions which give rise to increased debt are what counts, and the debt is just a by-product of those budget decisions.”