Downturn Quotes - Page 2

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

People, Community, Library

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Beware leverage in all its forms. Borrowers - individual, corporate, or government - should always match fund their liabilities against the duration of their assets. Borrowers must always remember that capital markets can be extremely fickle, and that it is never safe to assume a maturing loan can be rolled over. Even if you are unleveraged, the leverage employed by others can drive dramatic price and valuation swings; sudden unavailability of leverage in the economy may trigger an economic downturn.

Seth Klarman

Government, Swings, Fickle

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The fact is that the New Deal did not work. It prolonged what might have been a troubling two-year downturn into a horrifying blow to world prosperity that ended up in a war that killed countless millions. It was one of the greatest acts of wreckage in world history.

Llewellyn Rockwell

War, Blow, Years

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Financial institutions are not being bailed out as a favor to them or their stockholders. In fact, stockholders have come out worse off after some bailouts. The real point is to avoid a major contraction of credit that could cause major downturns in output and employment, ruining millions of people, far beyond the financial institutions involved. If it was just a question of the financial institutions themselves, they could be left to sink or swim. But it is not.

Thomas Sowell

Real, People, Swim

"A Political "Solution": Part II" by Thomas Sowell, www.realclearpolitics.com. September 23, 2008.

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We've had one of these before, when the dot-com bubble burst. What I told our company was that we were just going to invest our way through the downturn, that we weren't going to lay off people, that we'd taken a tremendous amount of effort to get them into Apple in the first place; the last thing we were going to do is lay them off.

Steve Jobs

Taken, Apples, People

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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

Wall, Mistake, Movement

1966 Quoted inThe Samuelson Sampler (1973).

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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

Government, Overcoming, Tasks

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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

Hero, Pay, Next

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Poverty - the greatest cause of human suffering on the planet - is itself exacerbated by conflict, competition for resources, injustice, even the global downturn and climate change. Diseases like AIDS, TB and malaria cannot be tackled without adequate resources. So you see everything is connected. In order to address any major cause of human suffering, we have to work together across many fronts.

Desmond Tutu

Order, Competition, Suffering

Source: www.huffingtonpost.com

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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

Jobs, Order, New Job

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Demagogues always do well in economic downturns.

John Avlon

Economic, Wells, Economic Downturn

"US warned to be wary of wingnuts". "The World Today" with Eleanor Hall, www.abc.net.au. February 17, 2010.

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The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so.

Ben Bernanke

Past, Risk, Months

"MAULDIN: Economists Are Totally Clueless About The Economy" by John Mauldin, www.businessinsider.com. June 16, 2013.

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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

Swings, Competition, Partnership

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The impact of the downturn is starting to feel very real. House prices and the housing market have been taking the knock for some time and that's affecting people.

Lucy Powell

Real, Impact, People

"Economic bail-out aims to restore confidence for small firms and savers" by Lucy Powell, www.theguardian.com. October 10, 2008.

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When markets go down, opportunities go up for smart real estate investors. I would much rather play the downturn than the upturn.

Harry S. Dent

Real, Smart, Opportunity

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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

Running, Business, Simple

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From the Great Depression, to the stagflation of the seventies, to the current economic crisis caused by the housing bubble, every economic downturn suffered by this country over the past century can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial 'boom' followed by a recession or depression when the Fed-created bubble bursts.

Ron Paul

Country, Money, Past

"End the Fed". Speech to the US House of Representatives, www.lewrockwell.com. February 05, 2009.

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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

People, Curiosity, Resilience

Chip Conley (2012). “Emotional Equations: Simple Truths for Creating Happiness + Success”, p.125, Simon and Schuster

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With more than half the population now checking their account balances more often as a direct result of the downturn, and with more of us comparing prices in virtually every market, it is natural to turn budget management into a skill, an accomplishment, a badge of lifestyle success.

Joe Staton

Business, Skills, Accomplishment

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Women's golf definitely hit a bump in the road. We lost some tournaments due to a combination of things led by the downturn in the economy.

Hollis Stacy

Golf, Bumps, Economy

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I think we will have continuing danger from these markets and that we will have repeats of the financial crisis - [they] may differ in details but there will be significant financial downturns and disasters attributed to this regulatory gap, over and over, until we learn from experience

Brooksley Born

Thinking, Details, May

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When you're in a major market downturn, the beta eats the alpha.

Jeffrey Gundlach

Beta, Alphas, Majors

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Protectionism is a very real danger. It is understandable that in times of a severe downturn protectionist pressures mount but the lessons of history are clear. If we give in to protectionist pressures, we will only send the world into a downward spiral.

Manmohan Singh

Real, Giving, World

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We must reset our sails to take advantage of these changing winds and prosper as a business and individual. You can make the most of this downturn and position yourself for the next boom that's going to follow.

Harry S. Dent

Wind, Next, Individual

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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

Continuing On, Humanity, Being Positive

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