The economic crisis really affected my family - 2006 to 2011 were really bad times. Almost everybody in my family lost their jobs. — Joey Badass
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
Downturns are the best time to start businesses because you develop discipline that's very lean and mean in terms of how to spend money. And those habits serve you very well in good times. — Kevin O'Leary
Strapped by tight credit and plummeting sales, businesses have overhauled the way they manage supply chains, inventory, production practices, and staffing. — Janet Yellen
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
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
Longer and deeper recessions tend to leave behind damage to people’s careers. And that weighs on the economy going forward. — Jerome Powell
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
A recession is like a Black Friday Sale for investors. — Jaspreet Singh
Predicting a downturn is not critical. The important thing is what you do when a significant downturn happens. — Naved Abdali
It's a tough marketplace right now... It is very compressed... A turnaround is likely to happen quicker than before. — Peter Chernin
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 and the Great Recession left firms with excess capacity, reducing incentives to invest. — Jerome Powell
It will have a negative impact on activity, employment, the number of poor and extreme poor. There will be stagflation, but that will not be very different from the last 12 years. — Javier Milei
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
We're all consumers. The consumer is not a moron; she is your wife.
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
Price is what you pay. Value is what you get.
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 Crisis Quotes
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.
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
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.
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
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
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 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
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
Great Recession Quotes
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 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
Bad Economy Quotes
Not managing your time and making excuses are two bad habits. Don't put them both together by claiming you 'don't have the time'. — Robert Foster Bennett
Helsinki isn't all that bad. It's a very nice city, and it's cold really only in wintertime. — Linus Torvalds
Economies are supposed to serve human ends.. not the other way round. We forget at our peril that markets make a good servant, a bad master and a worse religion. — Amory Lovins
Middle class America is acutely aware of how bad this economy is, and it is going to demand changes. I don't think politicians can afford to be complacent. — Elizabeth Warren
Presidents don't have a whole lot to say about prosperity or the economy. Government cannot create prosperity. There are a lot of other factors that determine whether there are good times or bad times. — Phyllis Schlafly
This continuing spike in gas prices is bad for consumers, bad for our economy, and bad for all other businesses. It is hurting us and costing us jobs. — Jodi Rell
I thought not being part of the [Britain] union was a bad idea. We are better together.
It was dangerous for business as there were no [concrete] plans around the currency or the economy. — Michelle Mone
Everyone says Francois Mitterrand had huge charisma. But before he was president they used to call him badly dressed, old, archaic and say he knew nothing about the economy until the day he was elected. It's called universal suffrage. When you're elected, you become the person that embodies France. — Francois Hollande
The US economy today is in really bad shape. Our economic growth is minimal, our regulatory burden is horrific, taxes are high, businessmen are not investing in growth, and consumers and government are loaded up with debt. — Yaron Brook
In my judgment, we have to avoid, at all costs, tax increases. That would be the worst possible thing to do and will make a bad economy even worse. Beyond that, targeted tax relief should be expanded upon. — Meg Whitman
Recession Quotes
Listen to your heart and not your ego. Your ego prompts you to boast of vain assertions to obtain the glory of this world. Turn away from vanity and seek Him in the recesses of your heart and soul — Abdul-Qadir Gilani
All men dream, but not equally. Those who dream by night in the dusty recesses of their minds, wake in the day to find that it was vanity: but the dreamers of the day are dangerous men, for they may act on their dreams with open eyes, to make them possible. — Thomas Edward Lawrence (of Arabia)
Studying the martial Way is like climbing a cliff: keep going forward without rest. Resting is not permissible because it causes recessions to old adages of achievement. Persevering day in, day out improves techniques, but resting one day causes lapses. This must be prevented. — Mas Oyama
Market crashes and recessions create more millionaires than any other time. The catch: You have to be prepared AND financially educated. — Jaspreet Singh
I basically got an education in software on DuPont's money because they were too stubborn to admit that a recession was coming. — Michael Saylor
Those traits that pass into hybrid association entirely or almost entirely unchanged, thus themselves representing the traits of the hybrid, are termed dominating and those that become latent in the association, recessive. — Gregor Mendel
Forcing humans to sit still all day is foolish. Recess is sacred—for children and adults alike! — Sahil Bloom
In business, one should never take anything for granted. Your fortune can change in five minutes. — Koos Bekker
Technology is deflationary, we are entering into an age of deflation unlike any the world has ever seen. — Jeff Booth
More money has probably been lost by investors holding a stock they really did not want until they could ‘at least come out even’ than from any other single reason. — Philip Arthur Fisher
Tough Economic Times Quotes
The friend in my adversity I shall always cherish most. — Ulysses S. Grant
At a time of economic recession, the need for Medicaid and other safety net services is even greater. And we don't want to raise taxes on people who are having a tough time paying their bills. — James Douglas
Not surprisingly, troubled economic times often beget proselytizers of wacky, extreme ideas. — Steven Rattner
All too often in tough economic times, it is the environment that gets left on the cutting room floors of Congress as everyone scraps for limited federal dollars. — Debbie Wasserman Schultz
In tough economic times, we have to make every dollar count, and studies have shown a return of up to $17 for every dollar invested in early childhood. — Shakira
In these tough economic times, everybody has to cut back. I am down to three tabs of ecstasy a day. — Chelsea Handler
At a time of economic recession, the need for Medicaid and other safety net services is even greater. And we don't want to raise taxes on people who are having a tough time paying their bills. — James Douglas, Lord of Douglas
During these continued tough economic times, writing a sensible, fair budget that provides real opportunities for Washington families, workers and businesses is always a challenge. — Jeanne Kohl-Welles
We are going through tough economic times but things are looking up, and the indicators are improving not only for large corporations but also for small business. — George Pataki
Economic tough times are great times to be investing in the future. — Reid Hoffman
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
Economic Recovery Quotes
Every month that we do not have an economic recovery package 500 million Americans lose their jobs. — Nancy Pelosi
It's a different kind of economic recovery. The kind where bankers steal trillions and you don't have a job. — Alex Jones
We simply can no longer afford to deny the full potential of one half of the population. The world needs to tap into the talent and wisdom of women. Whether the issue is food security, economic recovery, health, or peace and security, the participation of women is needed now more than ever. — Michelle Bachelet
Additional fiscal support could be costly, but worth it if it helps avoid long-term economic damage and leaves us with a stronger recovery. — Jerome Powell
This economy will recover. And that means people will go back to work. Unemployment will get back down. — Jerome Powell
We were in a good place in February of 2020, and we think we can get back there, I would say, much sooner than we had feared. — Jerome Powell
But economic recovery must be earned. And it will be earned by entrepreneurs and it will be earned by small businesses. — Jon Huntsman, Jr.
First, we need to make all-out efforts to fight COVID-19. To emerge from the shadow of the pandemic and achieve steady economic recovery at an early date is the most pressing task for us. — Xi Jinping
This economic boycott is our means of self-defense. President Roosevelt has advocated its use in the National Recovery Administration. — Samuel Untermyer
Without restoring an ethos of social responsibility, there can be no meaningful and sustained economic recovery. — Jeffrey Sachs
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
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
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 revealed important weaknesses in many areas of our financial system. — 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
There are downsides to implicitly trusting banks, as the 2008 financial crisis showed. — Balaji Srinivasan
To prove that Wall Street is an early omen of movements still to come in GNP, commentators quote economic studies alleging that market downturns predicted four out of the last five recessions. That is an understatement. Wall Street indexes predicted nine out of the last five recessions! And its mistakes were beauties. — Paul Samuelson
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
Gambling is a catalyst for economic downturn — John Warren Kindt
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
A time-tested political tactic guaranteed to raise a president's popularity rating by at least 30 points. It is especially useful during election years and economic downturns. — Chaz Bufe
I talk to a lot of librarians, and there's always a steady drumbeat of how libraries are places of community. But a lot of them have also recently - and just in the nick of time - refurbished, because during this economic downturn, people have a tendency to borrow instead of buy. — Paula Poundstone
In the next economic downturn there will be an outbreak of bitterness and contempt for the supercorporate chieftains who pay themselves millions. In every major economic downturn in US history the villains have been the heroes during the preceding boom. — Peter Drucker
There's this whole problem of trafficking, which has gotten worse in the economic downturn, which disproportionately affects young women, but also affects some young men who are sold into bondage, into basically servitude for indebted work that they can often never escape from. — William J. Clinton
To recover from the current economic downturn, it has been estimated that we need to create on the order of 17 million to 20 million new jobs in the coming decade...And it's very hard to imagine where those jobs are going to come from unless we seriously get busy reinventing manufacturing. — Susan Hockfield
Demagogues always do well in economic downturns. — John Avlon
When you're in an economic downturn, what you want is to create jobs and economic growth. And the recipe isn't Republican or Democrat. It's low taxes, low spending, less regulation, free trade. — Nancy Pfotenhauer
Reasons to be positive. The economic downturn could be the catalyst for positive change. It should be translated into the wake-up call we need for a major change in aspirations and lifestyles to save humanity from the ecological and economic disaster that would otherwise result from continuing on the high carbon and resource depleting path we have been pursuing — Phil Harding
The ad industry isn't struggling for a new set of principles or abandoning the ones that made it great from the start. It's simply in the midst of a business cycle. I don't think it's more profound than that. And despite the economic downturn, I'm having more fun today than at any other moment in my 30-year advertising career. The game is more interesting and more relevant than ever. — Rochelle B Lazarus
The New Capitalism (arising from the global economic downturn)...those running our biggest commercial businesses will have to be more visible. They'll have to manifest a genuine understanding not only of the anxieties of their employees but of all taxpayers. Those chief executives who succeed will be those who imbue in their businesses very simple, commonsense standards of decency — Robert Peston
A perfect storm is in the making: financial uncertainty, economic downturn, government cuts, rising unemployment and a future that looks less clear the more we try to fathom it. — Jonathan Sacks
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