The economic crisis really affected my family - 2006 to 2011 were really bad times. Almost everybody in my family lost their jobs. — Joey Badass
Never before in modern times has so much of the world been simultaneously hit by a confluence of economic and financial turmoil such as we are now living through. — Timothy Geithner
The financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again. — Ben Bernanke
Every financial crisis is made out of excess money and credit. — Russell Napier
It's a recession when your neighbor loses his job; it's a depression when you lose yours. — Harry S. Truman
It's a recession when your neighbor loses his job; it's a depression when you lose yours. — Harry S Truman
We described the coronavirus crisis as more of a shock to the system as opposed to a full-blown recession which would spiral into a depression as the economy shut down. — Cathie Wood
Alas, in 1929 came the Stock Market crash and everything changed and became worrisome. People started practicing conservatism because of financial losses, myself included. — Pola Negri
We're on the verge of a financial collapse unless we balance the budget, and that means some really, really tough decisions. — Gary Johnson
If we have an economic crisis in the Western world it's because the government makes up 50 percent or more of the economy. This is a cancer that is taking away people's freedom. — Marc Faber
Our crisis is no longer material; it’s existential, it’s spiritual. — Mark Manson
The financial crisis revealed important weaknesses in many areas of our financial system. — Jerome Powell
Unemployment is sky-rocketing; deflation is in our future for the first time since the Great Depression. I don't care whose fault it is, it's the truth. — John Mellencamp
Worry is in short supply, risky borrowers, questionable schemes, precarious financial system — Howard Marks
Short Economic Crisis Quotes
There is no money. There is no alternative to austerity and shock measures. — Javier Milei
The USA experiences the crisis of ideological and moral values. — Vladimir Zhirinovsky
Printing money is the last resort of desperate governments when all other policies have failed. — George Osborne
All these troubles in the world economy are enough to make us feel like saying: Winter is Coming. — Joko Widodo
I think the IMF helped to detonate the Indonesian crisis. — Jeffrey Sachs
The boom, not the slump, is the right time for austerity at the Treasury. — John Maynard Keynes
When written in Chinese the word "Crisis" is composed of two characters. One represents danger and the other represents opportunity.
Crisis What Crisis Quotes
A church that doesn't provoke any crises, a gospel that doesn't unsettle, a word of God that doesn't get under anyone’s skin, a word of God that doesn't touch the real sin of the society in which it is being proclaimed — what gospel is that? — Oscar Romero
This is what I found out about religion: It gives you courage to make the decisions you must make in a crisis, and then the confidence to leave the result to a higher Power. Only by trust in God can a man carrying responsibility find repose. — Dwight D. Eisenhower
David Brinkley was an icon of modern broadcast journalism, a brilliant writer who could say in a few words what the country needed to hear during times of crisis, tragedy and triumph. — Tom Brokaw
We're all consumers. The consumer is not a moron; she is your wife.
The dropout crisis is just the tip of an iceberg. What it doesn't count are all the kids who are in school but being disengaged from it, who don't enjoy it, who don't get any real benefit from it. — Ken Robinson
If you're setting a game during the Cuban Missile Crisis, look through a library. find out what people were wearing, what other issues were in the news, how houses were furnished, what cars were being driven. Especially include things which now seem foreign. — Graham Nelson
Our crisis is no longer material; it’s existential, it’s spiritual. We have so much fucking stuff and so many opportunities that we don’t even know what to give a fuck about anymore. — Mark Manson
Price is what you pay. Value is what you get.
I think that half of us feel fraudulent in our lives anyway. There's that strange disconnect of not really knowing what we're doing sometimes, or why it matters. It's our existential crisis. — Carrie Brownstein
The entirety of humanity has never had a SINGULAR ENEMY. What happens when 200,000,000 scientists, physicians and technologists focus on a single crisis? We science the shit out it and solve the problem! — Peter Diamandis
In 50 years, no one will care about the fiscal cliff or the Euro crisis. They'll just ask, "So the Arctic melted, and then what did you do?" — Bill McKibben
The exchange-rate trap, another legacy of this former president Alberto Fernández’s government, not only constitutes a social and productive nightmare, but also the surplus of money today is double what it was before the Rodrigazo economic crisis of 1975. — Javier Milei
What Is Economic Crisis Quotes
What the people here have said is that given the enormous crises facing our country, it is just too late for the same old, same old establishment politics and establishment economics. — Bernie Sanders
Where people are now in terms of the economic crisis, they're looking at what we think is the bottom, and I think that's when people look to film and to spirituality. — Emilio Estevez
This happens today: if the investments in the banks fall slightly... a tragedy... what can be done? But if people die of hunger, if they have nothing eat, if they have poor health, it does not matter! This is our crisis today! — Sayings
Wealth breeds a class of people for whom human beings are disposable commodities. Once oligarchs achieve unchecked economic and political power, as they have in the United States, the citizens too become disposable.
Business is the force of change. Business is essential to solving the climate crisis, because this is what business is best at: innovating, changing, addressing risks, searching for opportunities. There is no more vital task — Richard Branson
I don't think that any economist disputes that we're in the worst economic crisis since the great depression. The good news is that we're getting a consensus around what needs to be done. — Barack Obama
Financial Crisis Quotes
Banks died in 2008. They just haven’t been buried yet. — Max Keiser
The public understands that the government is broke, but many still don't want to cut programs they enjoy or depend on. — Tucker Carlson
Blaming speculators as a response to financial crisis goes back at least to the Greeks. It's almost always the wrong response. — Lawrence Summers
May future generations look back on our work and say that these men and women who, in a moment of great crisis, stood up to their politicians, the opinion-makers, and the establishment, and saved their country.
Starting in the wake of the 2008 GFC global financial crisis, market observers have warned of a crash in the bond market. initially, it was believed that the trillions printed to bail out the banks would cause inflation and, therefore, a flight from bonds. — Max Keiser
The financial crisis and the Great Recession posed the most significant macroeconomic challenges for the United States in a half-century, leaving behind high unemployment and below-target inflation and calling for highly accommodative monetary policies. — Jerome Powell
The financial crisis and the Great Recession left firms with excess capacity, reducing incentives to invest. — Jerome Powell
Being on a movie set is like one long financial crisis. — John Cusack
After the last financial crisis, the banks more than doubled their capital and liquidity and they’re far more aware and better at managing the risks they’re taking. — Jerome Powell
No one should have to choose between medicine and other necessities. No one should have to use the emergency room every time a child gets sick. And no one should have to live in constant fear that a medical problem will become a financial crisis. — Brad Henry
I experienced the year 2000 dot com crash and the 2008 financial crisis, and it almost wiped out the company. — Eric Yuan
Economic Recession Quotes
Small to medium sized enterprises make up over 60% of employment in the UK. It wouldn’t be crazy to imagine half shutting down as they’re bankrupted by energy costs. People need to get serious of what a true economic collapse would look like. It ain’t like a simple recession. — Philip Pilkington
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. — Friedrich August von Hayek
Investing, like economics, is more art than science. And that means it can get a little messy. — Howard S. Marks
There will always be a business cycle, and white-collar workers will get hit in the next recession like they always do in recessions. — Robert Reich
Democracy thus becomes a mass delusion of people attempting to override the rules of economics by voting themselves a free lunch and being manipulated into violent tantrums against scapegoats whenever the bill for the free lunch arrives via inflation and economic recessions. — Saifedean Ammous
Credit is like a drug. Initially, it feels great as it stimulates economic activity, but eventually, you become addicted and require more and more to achieve the same effect. — Russell Napier
Maintaining confidence in international trade will be critical to the broader economic recovery in the post-Covid world. — Liz Truss
Credit is the oil in the engine of economic growth, but too much oil can cause the engine to seize. — Russell Napier
Handling covid, we made a lot of big mistakes, and it led to tens of trillions of dollars of economic damage and millions of lives lost. Much of that was preventable. — Sam Bankman-Fried
I believe that the economics which deal with forecasting business trends may be considered to be about as far along as was the science of chemistry during the days of alchemy in the Middle Ages. — Philip Arthur Fisher
Economic Downturn Quotes
High gas prices are eating away at consumers disposal income and could lead to a further economic downturn, especially for those whose livelihood depend on gasoline and diesel fuel. — Major Owens
Most analysts would agree that if all the undocumented immigrants in California were deported in one day, our state would experience a severe economic downturn. This does not even consider the many cultural and spiritual gifts these immigrants bring to our state and nation. — Roger Mahony
The economic downturn is our wake-up call to slow down, consume less, help each other, & live more! — Phil Harding
Unsolvable problems do not exist. Any crisis is a combination of specific tasks to be worked on. The government has the experience and reserves to overcome the economic downturn — Dmitry Medvedev
One thing I learned in '97, when I thought the right time to found a company was during a swing-up, is that it's much better to start during an economic downturn. Partnerships are easier; hiring is easier; and the competition starts later. — Reid Hoffman
Curiosity has ... proven to be a great ingredient in resilience, a trait particularly valuable in an extended economic downturn. Resilient people aren't made of steel; they just provide themselves with more options, and those options come from a curious mind. — Chip Conley
You know, if I listened to Michael Dukakis long enough, I would be convinced we're in an economic downturn and people are homeless and going without food and medical attention and that we've got to do something about the unemployed. — Ronald Reagan
Raising taxes in an economic downturn is not a good idea. — Martha McSally
High gas prices are eating away at consumer's disposal income and could lead to a further economic downturn, especially for those whose livelihood depend on gasoline and diesel fuel. — Major R. Owens
Economic Collapse Quotes
Cyprus was a breath away from economic collapse. It was a big battle in which we came out wounded, but upright and determined to make a fresh start. — Nicos Anastasiades
I believe the world economy will crash when Russia or China moves to a gold-backed currency. They know that when this thing blows, the old law returns: he with most gold makes the rules. — Max Keiser
The sources of deflation are not a mystery. Deflation is in almost all cases a side effect of a collapse of aggregate demand.. a drop in spending so severe that producers must cut prices on an ongoing basis in order to find buyers. — Ben Bernanke
I think there's going to be a tug of war in this country over who are the real patriots because at a time of national crisis, economic collapse and calamity, ecological peril and social dislocation, the American people deserve to be a partner to the American government. — Van Jones
At the crash of economic collapse of which the rumblings can already be heard, the sleeping soldiers of the proletariat will awake as at the fanfare of the Last Judgment and the corpses of the victims of the struggle will arise and demand an accounting from those who are loaded down with curses. — Karl Liebknecht
As a result of the World War, this old Germany collapsed. It collapsed in its constitution, in its social order, in its economic structure. Its thinking and feeling changed. — Gustav Stresemann
Why is no one talking about all the potential savings from a complete economic collapse? — Eugene Mirman
And here we encounter the seeds of government disaster and collapse - the kind that wrecked ancient Rome and every other civilization that allowed a sociopolitical monster called the welfare state to exist. — Barry Goldwater
The plague did not lead to Europe’s economic collapse. Rather, Europe’s currency-driven economic collapse led to the plague. — Douglas Rushkoff
A collapse in U.S. stock prices certainly would cause a lot of white knuckles on Wall Street. But what effect would it have on the broader U.S. economy? If Wall Street crashes, does Main Street follow? Not necessarily. — Ben Bernanke
Great Recession Quotes
The exposure from 'Iron Chef' has been helpful, but at the end of the day your product and your service determine whether you get customers or not. If people decide to eat out less during a recession, the first restaurants that they will cut out are the ones that don't do a great job. — Michael Symon
Many of the great financial disasters we’ve seen have been failures to foresee and manage risk. — Howard S. Marks
Up to our own day American history has been in a large degree the history of the colonization of the Great West. The existence of an area of free land, its continuous recession, and the advance of American settlement westward, explain American development. — Frederick Jackson Turner
The biggest problem in correcting errors in the market is that stocks look best when they are at the peak and not so great when they are at the bottom. — Thomas Phelps
There may be a recession in stock prices, but not anything in the nature of a crash. — Irving Fisher
While some people might find it distasteful to pay taxes, I don't. I find it patriotic. — Mark Cuban
As sure as the spring will follow the winter, prosperity and economic growth will follow recession. — Robert Foster Bennett
Once supply begins to dwindle, the years to follow will see shortages that at best will cause global recession, possibly worse than the 1930s Great Depression, ... war, famine, pestilence and death. — Kenneth S. Deffeyes
Housing was ground zero for the Great Recession. Between early 2006 and Obama's inauguration in 2009, average house prices fell by a third across the country. In certain areas, including cities as diverse as Akron, Orlando and Las Vegas, house prices fell by more than half. — Mark Zandi
Art is the effort of man to express the ideas which nature suggests to him of a power above nature, whether that power be within the recesses of his own being, or in the Great First Cause of which nature, like himself, is but the effect. — Edward Bulwer-Lytton, 1st Baron Lytton
Banking Crisis Quotes
I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. — Abraham Lincoln
When banks stop working, the world turns to Bitcoin. — Michael Saylor
There are downsides to implicitly trusting banks, as the 2008 financial crisis showed. — Balaji Srinivasan
And the banks - hard to believe in a time when we're facing a banking crisis that many of the banks created - are still the most powerful lobby on Capitol Hill. And they frankly own the place. — Dick Durbin
The banks lobbied Washington so they could write the rules that got us into this crisis. They then lobbied Washington to get the money to bail them out. And then they are lobbying Washington to write the rules so they can get us into the next crisis. It's perfect circularity. — Elizabeth Warren
The financial crisis of 2008 was not caused by investment banks betting against the housing market in 2007. It was caused by the fact that too few investors - including all of the big investment banks - bet too heavily on the housing market in the years before 2007. — James Surowiecki
Suckers think that you cure greed with money, addiction with substances, expert problems with experts, banking with bankers, economics with economists, and debt crises with debt spending — Nassim Nicholas Taleb
Banks have come to realize in the recent crisis that they are paying the price for having designed compensation packages which provide incentives that are not, in the long run, in the interests of the banks themselves, and I would like to think that would change. — Mervyn King
The World Bank is now the biggest culprit in the debt crisis. — Susan George
If there is one common theme to the vast range of crises...it is that excessive debt accumulation, whether it be by the government, banks, corporations, or consumers, often poses greater systemic risks than it seems during a boom. — Carmen Reinhart
Housing Crisis Quotes
These two entities Fannie Mae and Freddie Mac are not facing any kind of financial crisis. The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing. — Barney Frank
Books, like all art, breed in us desire. In times of crisis and fear and misrepresentation we need desire, or else we shut down and hide out in our houses, succumbing to infotainment and the ease of an available latte, turning off our brains and emotions. Books breed desire. — Lidia Yuknavitch
The White House isn't the place to learn how to deal with international crisis, the balance of power, war and peace, and the economic future of the next generation. — Joe Biden
We all live in a house on fire, no fire department to call; no way out, just the upstairs window to look out of while the fire burns the house down with us trapped, locked in it. — Tennessee Williams
It took us years to get into the mess that we got ourselves in at the end of 2008, and it's going to take a while to get us out. We lost eight million jobs, we saw a financial system near collapse, we have a continuing housing crisis that we're making progress on dealing with. — Robert Gibbs
Gaza will become part of sovereign Israel and will be populated by Jews. This will also serve to ease the housing crisis in Israel — Moshe Feiglin
Anyone that says the housing crisis can be resolved with one magic bullet or by the next election isn't being honest. — David Lammy
Human beings are often at their best when responding to immediate crises - car accidents, house fires, hurricanes. We are less effective in the face of enormous but slow-moving crises such as the loss of biodiversity or climate change. — David Suzuki
Donald was one of the people who rooted for the housing crisis. He said, back in 2006, gee, I hope it does collapse because then I can go in and buy some and make some money. Well, it did collapse. — Hillary Clinton
In fact, Donald [Trump] was one of the people who rooted for the housing crisis. — Hillary Clinton
Economic Depression Quotes
Economic depression cannot be cured by legislative action or executive pronouncement. Economic wounds must be healed by the action of the cells of the economic body - the producers and consumers themselves. — Herbert Hoover
There is a difference between broke and being poor. Being broke is a temporary economic condition, but being poor is a disabling frame of mind and a depressed condition of your spirit, and you must vow to never, ever be poor again. — John Hope Bryant
Stock prices have reached what looks like a permanently high plateau. I do not feel there will be soon if ever a 50 or 60 point break from present levels, such as (bears) have predicted. I expect to see the stock market a good deal higher within a few months. — Irving Fisher
Depressions and mass unemployment are not caused by the free market but by government interference in the economy. — Ludwig von Mises
The end of the decline of the Stock Market will probably not be long, only a few more days at most. — Irving Fisher
The U.S. dollar is in terminal decline. America is tragically bankrupt, unable to pay its lenders without printing the dollars to do so, and enmeshed in an economic depression. The clock is ticking until the dollar faces a crisis of confidence like every other bubble before it. — Peter Schiff
I see nothing in the present situation that is either menacing or warrants pessimism... I have every confidence that there will be a revival of activity in the spring, and that during this coming year the country will make steady progress. — Andrew Mellon
No one can possibly have lived through the Great Depression without being scarred by it. No amount of experience since the depression can convince someone who has lived through it that the world is safe economically. — Isaac Asimov
For the immediate future, at least, the outlook (stocks) is bright. — Irving Fisher
Economic depression can not be cured by legislative action or executive pronouncement. — Herbert Hoover
I will not let anyone tell me we must spend more money. This crisis did not come about because we issued too little money but because we created economic growth with too much money and it was not sustainable growth. — Angela Merkel
The climate crisis is being used to create totalitarian controls on society by the World Economic Forum, Bill Gates, and all of these megabillionaires. — Robert F. Kennedy, Jr.
Spain is struggling, and has always struggled because of its geography. Its narrow coastal plains have poor soil, and access to markets is hindered internally by its short rivers and a highland plateau surrounded by mountain ranges. It was left behind after the Second World War, as under the Franco dictatorship it was politically frozen out of much of modern Europe. The newly democratic Spain joined the EU in 1986. By the 1990s, it had begun to catch up with the rest of Western Europe, but its inherent geographic and financial weaknesses continue to hold it back and have intensified the problems of overspending and loose central fiscal control, making it among the countries hit worst by the ’08 economic crisis. — Tim Marshall
Now our Earth is swarmed with issues such as life, death, illness, wars, economic crises and many others. It is time that we sing out loud the message, 'Love forever.' — Yayoi Kusama
The financial crisis should not become an excuse to raise taxes, which would only undermine the economic growth required to regain our strength. — George W. Bush
Women's struggle for equality worldwide is about more than equality between men and women. Our struggle is about reversing the trends of social, economic, political, and ecological crisis - a global nervous breakdown! Our struggle is about creating sustainable lives and attainable dreams. — Bella Abzug
Marxists have more than once pointed out that the capitalist world economic system contains in itself the seeds of a general crisis and of warlike clashes. — Joseph Stalin
Ebola is not just a health crisis. Across West Africa, a generation of young people risks being lost to an economic catastrophe. — Ellen Johnson Sirleaf
I am also well aware that literature only has a minimal influence on political disputes or economic crises in the world, but its significance to human beings is ancient. — Mo Yan
Social unrest and protectionism are the two major risks of the world economic crisis. — Christine Lagarde
I am sure the euro will oblige us to introduce a new set of economic policy instruments. It is politically impossible to propose that now. But some day there will be a crisis and new instruments will be created. — Romano Prodi
We believe that the developing crisis in the capitalist system, by which we mean both economic stagnation, and the social and political conflicts to which it gives rise, makes it possible to think in terms of developing a sizeable and serious revolutionary socialist party in a way that was not possible 20 or even 10 years ago. — Anthony Crosland
Governments must commit to sound economic and financial policies. This is how we ensure reform in the euro area - and our independence. — Mario Draghi
If you can capture the humanity of a family struggling in an economic crisis you can make a difference. You can raise awareness just of the simple humanity. — Emily Blunt
The economic crisis has weakened the EU for years. — Yanis Varoufakis
The crisis besetting America is not just an economic or political crisis; something deeper is wreaking havoc across the land, a mercenary and utilitarian attitude that demonstrates little empathy for people’s actual well-being, that dismisses imagination and thought, branding passion for knowledge as irrelevant. — Azar Nafisi
Economic theory has demonstrated in an irrefutable way that a prosperity created by an expansionist monetary and credit policy is illusory and must end in a slump, an economic crisis. — Ludwig von Mises
The global financial crisis - missed by most analysts - shows that most forecasters are poor at pricing in economic/financial risks, let alone geopolitical ones. — Nouriel Roubini
The gravitation constant is the same always. But the economic constants-these elasticities of demand and supply-depending, as they do, upon human consciousness, are liable to vary. The constitution of the atom, as it were, and not merely its position, changes under the influence of environment. — Arthur Cecil Pigou
Neoliberalism, arguably, sets the course for this kind for this kind of neo-extremism, this right-wing extremism that we are facing. The only way we solve that crisis, the rise of the right-wing extreme, is by truly progressive policies that address this crisis of economic security. That will not come from the lesser evil. — Jill Stein
Tunisia is extremely dependent on economic conditions in Europe, which is why it also experienced shockwaves from the euro crisis. — Alvaro de Vasconcelos
To combat depression by a forced credit expansion is to attempt to cure the evil by the very means which brought it about; because we are suffering from a misdirection of production, we want to create further misdirection -- a procedure which can only lead to a much more severe crisis as soon as the credit expansion comes to an end. — Friedrich August von Hayek
Republicans in Congress have two choices here: They can act responsibly, and pay America’s bills; or they can act irresponsibly, and put America through another economic crisis. But they will not collect a ransom in exchange for not crashing the American economy. — Barack Obama
We all knew this. We all knew that it would take more time than any of us want to dig ourselves out of this hole created by this economic crisis. — Barack Obama
The only surprise about the economic crisis of 2008 was that it came as a surprise to so many. — Joseph Stiglitz
Canadian money is also called the loony. How can you take an economic crisis seriously? — Robin Williams
A sure sign of a crisis is the prevalence of cranks. It is characteristic of a crisis in theory that cranks get a hearing from the public which orthodoxy is failing to satisfy. — Joan Robinson
The problems that stand in the way are not of economical or technological nature. The deepest sources of the global crisis lie inside the human personality and reflect the level of consciousness evolution of our species. — Stanislav Grof
In a world wracked by hatred, economic crisis, and political tension, America remains mankind's best hope. — Ronald Reagan
The world has never been as divided as it is now, what with religious wars, genocides, a lack of respect for the planet, economic crisis, depression, poverty, with everyone wanting instant solutions to at least some of the world's problems or their own. And things only look bleaker as we head into future. — Paulo Coelho
Racism is always there underneath, but usually it is exploited in these times of economic crisis, and it's hard to find out when one slides into another. — Iris Chang
Barack Obama is a president who, when he had to deal with the 2008 economic crisis, has led the American economy on a completely different path than the one that Europe has chosen eight years later. — Alexis Tsipras
It's not just an economic crisis that capitalism has created. We also face an environmental catastrophe created by a handful of gigantic fossil fuel corporations. — Kshama Sawant
I ran for president because I wanted to help Lithuania and its people during a difficult time. My country was on the very edge of an economic crisis, and people were disappointed by the economic situation and the political elite. We all needed change and motivation to consolidate our efforts in order to overcome the difficulties. — Dalia Grybauskaite
From the takeover of Detroit and the failed stimulus packages to the enactment of Obamacare, the president and congressional Democrats chose to use Americas economic crisis as an excuse to expand government rather than as an opportunity to responsibly shrink it. — Jeb Hensarling
Economic and financial crisis are getting much more usual, and they are not confined to a given country but they immediately spread all over the world, and you have to be prepared for that. — Sebastian Pinera
In Conclusion
Which quotation resonated with you best? Did you enjoy our collection of economic crisis quotes? Or may be you have a slogan about economic crisis to suggest. Let us know using our contact form.
Citation
Feel free to cite and use any of the quotes in this collection of economic crisis quotations. For popular citation styles(APA, Chicago, MLA), please use this citation page.
