Two great business quotes from the Financial Times:
On Business Travel-"90 percent of business trips could be cancelled with no damage to the business. People travel on business because it makes them feel important, because they are paranoid that something bad will happen if they do not and because they want air miles that will enable them to fly even more. Mostly, video conferences or phone calls would do instead. Business travel might be said to broaden the mind but it thins the bottom line and the ozone layer."--Lucy Kellaway
On Hedge Funds--"Robbed of its cloak of secrecy and its unconventional financing, private equity's stock picking looks all too human."
Saturday, August 12, 2006
Tuesday, August 08, 2006
Right on Schedule the Federal Reserve sensing a slowdown in the US economy, stopped raising rates today. Just as we said back in May from the Mortgage Brokers junk mail, we surmised this would be a good indicator and it was!
Posted by Steve at 7:02 PM