At the beginning of the Clinton administration in the early 1990s, adviser James Carville was stunned at the power the bond market had over the government. If he came back, Carville said: I used to think if there was reincarnation, I wanted to come back as the president or the pope or a .400 baseball hitter. But now I want to come back as the bond market. You can intimidate everybody.

Whenever I hear a campaign talk about a need to energize the base, that's a campaign that's going down the toilet. It's a pretty good indication that they're not eating up any territory, they can't get anybody in the center to support them, they're getting shelled back into their own bunker.

Share Your Favorite Quotes

Know a quote that's missing? Help grow our collection.