Buying In Quotes (page 4)
What we define as a bubble is any kind of debt-fueled asset inflation where the cash flow generated by the asset itself - a rental property, office building, condo - does not cover the debt incurred to buy the asset. So you depend on a greater fool, if you will, to come in and buy at a higher price.
James Chanos
It goes without saying that in order for me to buy a teapot at the Oneida, Ltd., outlet store at the Sherrill Shopping Plaza, the second coming of Jesus Christ had to have taken place in the year 70 A.D. To the Oneida Community, 70 A.D., the year the temple in Jerusalem was destroyed, marks the beginning of the New Jerusalem. Which means we’ve all been living in heaven on earth for nearly two thousand years. Everyone knows there is no marriage in heaven (though one suspects there’s no...
Sarah Vowell
Purchasing power is a license to purchase power. The old proletariat sold its labour power in order to subsist; what little leisure time it had was passed pleasantly enough in conversations, arguments, drinking, making love, wandering, celebrating and rioting. The new proletarian sells his labour power in order to consume. When he’s not flogging himself to death to get promoted in the labour hierarchy, he’s being persuaded to buy himself objects to distinguish himself in the social hierarchy....
Raoul Vaneigem