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.
Stocks have reached what looks like a permanently high plateau.
I'm not against (bull fighting). Some nations like to see blood, and some like to see their victims suffer from speculation... They kill the bull very quick. Wall Street lets you live and suffer.
At a time when going to college has never been more important, it's never been more expensive, and our nation's families haven't been in this kind of financial duress since the great depression. And so what we have is just sort of a miraculous opportunity simply by stopping the subsidy to banks when we already have the risk of loans. We can plow those savings into our students. And we can make college dramatically more affordable, tens of billions of dollars over the next decade.
Gentleman, you have come sixty days too late. The depression is over.
During the Great Depression, African Americans were faced with problems that were not unlike those experienced by the most disadvantaged groups in society. The Great Depression had a leveling effect, and all groups really experienced hard times: poor whites, poor blacks.
Our whole Depression was brought on by gambling, not in the stock market alone but in expanding and borrowing and going in debt... all just to make some easy money quick.
Right now, with millions of Americans still out of work, and struggling to recover from the worst economic downturn since the great depression, with 40 million Americans dealing with student loans, with millions of people working full-time at minimum wage and still living in poverty, with the big banks getting bigger and the workers getting poorer, and seniors struggling to make ends meet, Republicans in Washington have decided the most important thing for them to focus on is how to deny women access to birth control.
The spring of 1930 marks the end of a period of grave concern...American business is steadily coming back to a normal level of prosperity.
It is reported that about 30% of the world's population is unemployed. That's worse than the Great Depression, but it's now an international phenomenon.
The decline is in paper values, not in tangible goods and services...America is now in the eighth year of prosperity as commercially defined. The former great periods of prosperity in America averaged eleven years. On this basis we now have three more years to go before the tailspin.
But through world wars and a Great Depression, through painful social upheaval and a Cold War, and now through the attacks of September 11, 2001, our Nation has indeed survived.
The Government's business is in sound condition.
I see no reason why 1931 should not be an extremely good year.
Financial storm definitely passed.
FISHER SEES STOCKS PERMANENTLY HIGH
Wall Street has come a long way from the insider-dominated world that was blown apart by the Great Depression.
The government is now in a position to do what Franklin D. Roosevelt did during the Great Depression of the 1930s - use a crisis of the times to create new institutions that will last for generations. To this day, we are still subsidizing millionaires in agriculture because farmers were having a tough time in the 1930s.
[Franklin Delano] Roosevelt was the central world figure in the two great disasters of this century - the Great Depression and World War II. By contrast, JFK came in relatively peaceful, agreeable times.
Did I recognize that there was anger or frustration in the American population? Of course I did. First of all, we had to fight back from the worst recession since the Great Depression, and I can guarantee you if your housing values have crashed and you've lost most of your pension and you've lost your job, you're going to be pretty angry.
I am worried that the collapse of home prices might turn out to be the most severe since the Great Depression.
The only thing we have to fear is fear itself-and possibly teh bogey man.
My parents were both in the army for 20 years and then worked in government departments; but they had gone through the Great Depression and known lean times. They always remained extremely frugal and lived far below their means.
What the market is doing is going through a correction, which it really needed. It's getting down to where it's reasonable.
When I hear [about a housing bubble] I get the sense that people aren't connecting the dots.
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