Financial Crisis Quotes - Page 3

• Senator Obama will be taking office at a critical juncture. There are many pressing challenges facing the international community, including the global financial crisis and global warming. We look forward to working closely with President-elect Obama and his team to address these challenges.

  Helen Clark

  Team, Office, Community

  "George Bush tells Barack Obama: 'Congratulations and go enjoy yourself'". www.theguardian.com. November 5, 2008.

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• 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

  Country, Usual, World

  Interview with Tomilson Hill, www.cfr.org.

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• If one sentence were to sum up the mechanism driving the Great Stagnation, it is this: Recent and current innovation is more geared to private goods than to public goods. That simple observation ties together the three major macroeconomic events of our time: growing income inequality, stagnant median income, and the financial crisis.

  Tyler Cowen

  Simple, Ties, Innovation

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• It is easier to invest for cash flow during a financial crisis. So don't waste a good crisis by hiding your head in the sand. The longer the crisis lasts, the richer some people will become.

  Robert Kiyosaki

  Cash Flow, People, Lasts

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• President Obama has a good sense not just of the economic requisites for financial crisis firefighting but also how you build political support for moving forward on reforming the financial system, making sure that the banks are carrying enough capital.

  Lael Brainard

  Moving, Support, Political

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• Edward Conard’s book represents the most cogent and persuasive analysis of the Financial Crisis to date. It is deeper and likely more accurate than what we have seen so far from journalists, academ- ics, and particularly former government officials.

  Andrei Shleifer

  Book, Government, Analysis

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• When the financial crisis arrived, it seemed to me that this was something I had to make a movie about.

  Charles Ferguson

  Financial, Crisis

  Interview with Ed Rampell, progressive.org. November 28, 2011.

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• Ever since the Great Depression, economists have known that demand shortages tend to persist in the wake of severe financial crises like the ones that happened in 1929 and 2008.

  Bob Frank

  Demand, Financial, Great Depression

  Source: www.pbs.org

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• It's a tale of redemption. It's a tale of a girl who is going on a journey, who makes mistakes as most young people do... the credit card companies love sending you credit cards so you exceed your limit and they can charge you interest. And this is a girl who overcomes her problems and figures a way out of her financial crisis, and hopefully the world will do the same thing.

  Jerry Bruckheimer

  Girl, Mistake, Journey

  "Confessions of a Shopaholic - Jerry Bruckheimer interview". Interview with Rob Carnevale, www.indielondon.co.uk.

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• The current financial crisis makes it very clears that the system that we have isn't really working, and this is the right time for us to undo things and build them in a new way.

  Muhammad Yunus

  Way, Poverty, Financial

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• I mean, we've always had gold bugs, but now we sort of realize that Treasure Bills might be in the same category. And we have derivatives like credit default swaps which are in this category, and we have derivatives like volatilities that are actually an asset class that we can invest in which are now - would out perform if we have another financial crisis.

  Robert F. Engle

  Mean, Class, Gold

  Source: bigthink.com

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• Nowhere does it say that investors should strive to make every last dollar of potential profit; consideration of risk must never take a backseat to return. Conservative positioning entering a crisis is crucial: it enables one to maintain long-term oriented, clear thinking, and to focus on new opportunities while others are distracted or even forced to sell. Portfolio hedges must be in place before a crisis hits. One cannot reliably or affordably increase or replace hedges that are rolling off during a financial crisis.

  Seth Klarman

  Thinking, Opportunity, Long

  "The 20 Forgotten Lessons Of 2008". Seth Klarman's annual letter, www.businessinsider.com. April 28, 2010.

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• The housing and financial crisis could not have occurred in the absence of government housing and monetary policies.

  Sheldon Richman

  Government, Financial, Absence

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• I only wanted to be a good employee who generated as much profit as possible for his employer. I was merely a small cog in the machine - and now I'm suddenly supposedly the main person responsible for the financial crisis.

  Jerome Kerviel

  Cogs, Machines, Financial

  Source: www.spiegel.de

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• The single most remarkable (and revealing) fact of the Obama presidency may very well be the lack of a single prosecution of Wall Street executives for the massive fraud that precipitated the 2008 financial crisis.

  Glenn Greenwald

  Wall, May, Facts

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• Krys Lee has written a book of unforgettable stories, each one building on the other to create a complex, moving portrait of contemporary Korea and its diaspora. She guides us surely through the fallout of war, immigration, and financial crisis, always alert to the possibility of tenderness, transcendence, and even humor along the way. Lee is a writer who really understands loneliness, but her voice is so appealing, and her perceptions so wise, that we feel all the less lonely for knowing her characters and experiencing their lives.

  Sarah Shun-lien Bynum

  Wise, Lonely, War

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• There was a clarity to the Nineties. It was pre-9/11, before that anxiety kicked in that exists right now about the financial crisis or terrorism. We were all just going to move forward into the millennium and everything was always going to get better. Then, whoops, that didn't happen.

  Carrie Brownstein

  Moving, Anxiety, Get Better

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• The U.S., France, Germany and Canada have all responded to the financial crisis by boosting rather than cutting their science funding. The U.K. has not.

  Martin Rees

  Cutting, Germany, Canada

  "How science became cool" by Martin Reese, www.theguardian.com. April 13, 2010.

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• During the financial crisis, I worked with hundreds of executives who struggled as a result of their thoughts about job security. When their beliefs changed, so did their emotional experience - and they were then able to focus on the task at hand more effectively.

  Andrew Bernstein

  Jobs, Emotional, Hands

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• The current financial crisis calls out for new products and services as well as more, not less, information about what is safe and profitable in the future environment.

  Jeremy Siegel

  Investing, Safe, Information

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• Something really big happened in the world's wiring in the last decade, but it was obscured by the financial crisis and post-9/11. We went from a connected world to a hyperconnected world. I'm always struck that Facebook, Twitter, 4G, iPhones, iPads, high-speech broadband, ubiquitous wireless and Web-enabled cellphones, the cloud, Big Data, cellphone apps and Skype did not exist or were in their infancy a decade ago.

  Thomas Friedman

  Change, Data, Ipads

  "It’s a 401(k) World" by Thomas Friedman, www.nytimes.com. April 30, 2013.

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• The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War.

  Alan Greenspan

  War, Retrospect, World

  "Greenspan on the Economy: Double Ouch" by Jonathan Stein, www.motherjones.com. March 17, 2008.

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• People are enduring more than a temporary financial crisis. We are witnessing a fundamental shift in the economy. Companies and industries will in great measure no longer grow by borrowing vast capital to make huge acquisitions. The way to grow to critical mass - the Google way - will be to become platforms and networks that enable others to build businesses, grow, and succeed.

  Jeff Jarvis

  People, Google, Succeed

  Source: www.thedailybeast.com

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• Architects and urbanists are fascinated with cities that are shrinking, like the Rust Belt cities. Or, alternatively, we are fascinated with the growth of favelas and informal settlements. The 2008 financial crisis made these changes more extreme. The subtraction protocols rehearse a way of thinking about multiple properties in counterbalancing interdependence - not just the shaping of one property but the ratcheting interplay between properties.

  Keller Easterling

  Thinking, Growth, Financial

  Source: www.guernicamag.com

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• The default assumption is that - financial crises aside - growth will continue indefinitely. Not just for the poorest countries, where a better quality of life is undeniably needed, but even for the richest nations where the cornucopia of material wealth adds little to happiness and is beginning to threaten the foundations of our wellbeing.

  Tim Jackson

  Country, Growth, Quality

  Tim Jackson (2016). “Prosperity Without Growth: Foundations for the Economy of Tomorrow”, p.21, Taylor & Francis

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