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" Absent some international interruption, there's no real justification for oil being more than $90 or $100 a barrel. "
Wilbur Ross
Justification
Some
Real
Related Quotes:
" Mexico has 44 treaties with other countries that make it very advantageous to do international shipping from Mexico rather than from the United States. "
Wilbur Ross
United
United States
Shipping
" My obligation is to disclose companies in which I'm an officer, a director, or an investor. "
Wilbur Ross
Investor
Director
Officer
" The fact that you're successful doesn't mean that you can't relate to working people. "
Wilbur Ross
People
Successful
Working
" A company not under sanction is just like any other company, period. "
Wilbur Ross
Like
Other
Period
" If you want to do something to destroy consumer spending, just eat away at the middle class because the other problem we have is the structural problem of middle class America. "
Wilbur Ross
Class
Want
America
" If you add up all the promises any politician makes, the math doesn't work. Hillary Clinton's math doesn't work; Donald's math probably doesn't work. I think you have to listen to their campaign pitches more as symbolic, more as metaphors. "
Wilbur Ross
Think
Promises
More
" The reality is if something were to happen that cost China jobs - like, if they upwardly revalued the currency a lot - those jobs aren't going to come back to the U.S. They would go to Vietnam; they would go to Thailand. They would go to whatever country was the lowest cost. "
Wilbur Ross
Currency
Country
Back
" The way we'll get more jobs is by creating new industries, new companies, businesses that are higher tech and therefore can compete. "
Wilbur Ross
Creating
Way
More
" If trade deficits are good, why is China so pleased that they run a huge trade surplus? It's perfectly obvious that if China hadn't been such a huge net-exporter, it never would have grown at the rate that it did. "
Wilbur Ross
Good
China
Never
" To me, the most terrifying form of warfare would be if there was some simultaneous cyber attack on our grid, on the banking system, and on our transportation system. That would be quite a devastating thing, and yet in theory, absent some real protective measures, that could happen. "
Wilbur Ross
Cyber
Transportation
Me
" If you think about it: a big bank in any country, what is it? Really, as an investment, it's a warrant on economy. "
Wilbur Ross
You
Bank
Investment
" Many of the smaller banks have had to get to the point where they now have more compliance people than they have lending offices. That's crazy. "
Wilbur Ross
Crazy
Compliance
More
" NAFTA is an ancient treaty. "
Wilbur Ross
NAFTA
Treaty
Ancient
" China is the most protectionist country of the very large countries. They talk more about free trade than they actually practice. "
Wilbur Ross
Country
Talk
Free
" There is no evidence that more regulation makes things better. The most highly regulated industry in America is commercial banking, and that didn't save those institutions from making terrible decisions. "
Wilbur Ross
Decisions
Evidence
America
" If people know you have the big bazooka, you probably don't have to use it. "
Wilbur Ross
You
Big
Know
" I think it's natural for any manager to want to grow his business. The question is at what rate, and in what direction, and in what format? "
Wilbur Ross
Grow
Business
Think
" We are the world's biggest importer. We need to treat the other countries as good suppliers. "
Wilbur Ross
Good
Biggest
Other
" I think at the end of the day, the real sick man of Europe is liable to turn out to be France, not Greece, not Portugal, not Spain, not Italy. The reason is France is very uncompetitive to begin with on a global scale, and the measures that Hollande has been putting in have been very, very negative from the point of view of economic growth. "
Wilbur Ross
Day
End
Growth
" I'm a very big proponent of cloud. We've used it a lot in private sector, and as far as we can tell, it is not only more efficient, it's probably also more secure for lots of very complicated technical reasons. I think it's a very important thing for government to do, and also to have systems that talk to each other. "
Wilbur Ross
Think
Government
Cloud
" In many critical things, such as the very high purity of the aluminium we need in aerospace, we only have one producer. That's not a good formula. "
Wilbur Ross
Only
Good
High
" One of the problems with industries that have been in relatively long-term declines is that, very often, the managements in those industries develop a kind of loser mentality. And when you ask them what's wrong with the business, they'll point to extraneous forces. "
Wilbur Ross
Kind
Business
Loser
" Believe it or not, Mexico has better treaties with the rest of the world than the Unites States does. "
Wilbur Ross
Mexico
Better
Believe
" It's important to have a sound idea, but the really important thing is the implementation. "
Wilbur Ross
Sound
Important
Implementation
" There's trade, there's sensible trade, and there's dumb trade. "
Wilbur Ross
Sensible
Dumb
Trade
" The one term I don't like to be called is a 'vulture.' Because to me, a vulture is a kind of asset-stripper that eats dead flesh off the bones of a dead creature. Our bird should be the phoenix, the bird that reinvents itself, recreates itself from its ashes. And that's much closer to what it is that we really do. "
Wilbur Ross
Me
Phoenix
Kind
" The problem with regional trade agreements is you get picked apart by the first country. Then you negotiate with the second country. You get picked apart. And you go with the third one. You get picked apart again. "
Wilbur Ross
Trade
You
Country
" The rules of origin in NAFTA need some tightening. Rules of origin are what let material outside of NAFTA to come in and benefit from all the taxes and tariff reductions within NAFTA. "
Wilbur Ross
Outside
Need
Taxes
" If you add up all the promises any politicians makes, the math doesn't work. "
Wilbur Ross
Politicians
Math
Work
" Regulations don't solve things. Supervision solves things. If we could figure out that the subprime thing was a train wreck that was coming, where were the regulators? "
Wilbur Ross
Out
Things
Train