Russia’s oil fields are mature and require capital and Western technology even to keep production flat. – Roger Altman
Many Russia experts note the deep and sad capacity of the Russian people for suffering. – Roger Altman
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. – Roger Altman
Within a few months in 2008, household finances were crushed as asset values fell, millions of jobs were lost, countless credit cards were canceled, and thousands of homes were foreclosed on. – Roger Altman
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. – Roger Altman
The financial and economic crash of 2008, the worst in over 75 years, is a major geopolitical setback for the United States and Europe. – Roger Altman
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. – Roger Altman
Cheap natural gas is a big stimulus to petrochemical production and a meaningful one for all U.S. manufacturing. – Roger Altman
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. – Roger Altman
The more Mr. Putin extends the fighting in eastern Ukraine, the more the financial markets will ratchet up their own pressure on Russia. – Roger Altman
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. – Roger Altman
The long-standing wisdom that everyone wins in a single world market has been undermined. Global trade, capital flows, and immigration are declining. – Roger Altman
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. – Roger Altman
When Xi Jinping came to power, there were a series of hints that market-based capitalism would be allowed to move forward under his leadership. At the first real threat, they’ve fallen over themselves to impose government control. – Roger Altman
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. – Roger Altman
Housing works like a trampoline. When it is pushed down far enough and long enough, it will eventually snap upward very powerfully. – Roger Altman
In this age, if the currency of a major nation collapses, or its access to borrowing ends, it just can’t function. – Roger Altman
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. – Roger Altman
Too many companies are just being big for the sheer sake of it. Too many CEOs thinking bigger is better. – Roger Altman
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. – Roger Altman
The Fed is the major U.S. firefighter. It’s not the Treasury. It’s not the Congress. We certainly saw that vividly in 2008. – Roger Altman
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. – Roger Altman
