Recessions Quotes

• A recession is very bad for publicly traded companies, but it's the best time for startups. When you have massive layoffs, there's more competition for available jobs, which means that an entrepreneur can hire freelancers at a lower cost.

  Tim Ferriss

  Jobs, Mean, Entrepreneur

  3 Copy quote

• You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets.

  Peter Lynch

  Investing, Investment, Decline

  23 Copy quote

• So I think the winners in recession are the people who produce new technology that does things better, which people really want.

  James Dyson

  Thinking, Technology, People

  3 Copy quote

• The quality of our journalism will make or break our industry, not the recession.

  Rebekah Brooks

  Quality, Make Or Break, Journalism

  "Only quality journalism can save us, says Sun editor Rebekah Wade" by Stephen Brook, www.theguardian.com. January 27, 2009.

  6 Copy quote

  Show source

• In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.

  Warren Buffett

  Business, Military, War

  "Buy American. I Am." by Warren Buffett, www.nytimes.com. October 16, 2008.

  45 Copy quote

  Show source

• Let's stop for a second and remember where we were eight years ago [in 2008]. We had the worst financial crisis, the Great Recession, the worst since the 1930s. That was in large part because of tax policies that slashed taxes on the wealthy, failed to invest in the middle class, took their eyes off of Wall Street, and created a perfect storm.

  Hillary Clinton

  Wall, Eye, Eight

  Source: time.com

  3 Copy quote

  Show source

• In an economic recession, naturally, when you ask people to list their priorities, they're going to place a higher priority on the immediate economic situation.

  Al Gore

  People, Priorities, Economic Recession

  "Gore talks climate change, jobs in an interview with NBC's Andrea Mitchell". www.nbcnews.com. December 9, 2009.

  3 Copy quote

  Show source

• In this time of recession, it is the time for invention. Did you know both the telephone and the automobile were invented during recessions? So was 'talking dirty.'

  Eugene Mirman

  Dirty, Talking, Funny Graduation

  3 Copy quote

• Many Americans are feeling, you know, shut out, shut down, the great recession hasn't ended for too many Americans, wages are flat, families are struggling, not enough new jobs, or new businesses are being created, and it's important that we all try to figure out what we're going to do, and that's what I've done my entire life, fighting for a higher minimum wage, or family leave, now paid family leave which I believe in, equal pay for equal work.

  Hillary Clinton

  Jobs, Believe, Struggle

  3 Copy quote

• If the question is, how do we best produce business people who can succeed in the post-Great Recession era, then I think the MBA programs and their connection to large companies remains intact but it's not the path to a "Business Brilliant" life. It's a path to a middle-class existence marked by large stretches of security and comfort with occasional eruptions that you're probably ill-prepared to handle. Do I sound too cynical?

  Lewis Schiff

  Thinking, Mba, Class

  Source: bobmorris.biz

  8 Copy quote

  Show source

• Rising unemployment and the recession have been the price that we have had to pay to get inflation down. That price is well worth paying.

  Norman Lamont

  Unemployment, Rising, Pay

  Norman Lamont during House of Commons Debates, www.publications.parliament.uk. May 16, 1991.

  6 Copy quote

  Show source

• The fact is, there are Fortune 500 companies that have been founded during recessions.

  Marianne Williamson

  Facts, Fortune, Company

  "A Conversation with Marianne Williamson: Powerful pioneer in new thought and spirituality". Interview with Maranda Pleasant, www.marandapleasantmedia.com.

  3 Copy quote

  Show source

• 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

  Climbing, Achievement, One Day

  120 Copy quote

• Even when [Federal Reserve Chairman Ben] Bernanke said the recession was over ... you think that would have been a bigger boom somewhere, but it seems we just take everything in stride.

  Bill Maher

  Thinking, Over You, Said

  6 Copy quote

• Successful people save in prosperous times so they have a financial cushion in times of recession.

  Brian Tracy

  Successful, People, Financial

  Brian Tracy (2008). “Universal Laws of Success”, p.27, Jaico Publishing House

  5 Copy quote

  Show source

• I believe strongly that we need a finance industry that is good for the economy, and I don't think anybody would argue that during the eight years leading up to the Great Recession, a lot of bets were made [and] risks taken that weren't good for the economy.

  Hillary Clinton

  Taken, Believe, Thinking

  Source: www.businessinsider.com

  4 Copy quote

  Show source

• This crisis is not simply a more severe version of the usual business cycle recession, the typical downturn in which economies ultimately adjust and stabilize.

  Timothy Geithner

  Business, Typical, Usual

  "Geithner's Speech to the Economic Club of Washington" by Timothy Geithner, www.realclearpolitics.com. April 22, 2009.

  6 Copy quote

  Show source

• If there's a severe recession, the automatic stabilizers will come into effect, and we will still try to reduce the structural deficit, but we will not try to keep cutting the budget so that we keep worsening a severe recession.

  Franklin Raines

  Cutting, Trying, Fierce

  6 Copy quote

• We spent $100 billion on education, saving the education system 300,000 teachers who were laid off because of the recession. We also put tens of thousands of lower income kids in college through Pell grants which has fundamentally all their opportunity. We did the same thing with regard to what we did on transportation. So we weren't just trying to - we knew we had to do something big to keep us from going over the cliff into a depression and pull us out of hole.

  Joe Biden

  Teacher, Kids, Opportunity

  Interview with Rachel Maddow, www.msnbc.com. February 18, 2016.

  3 Copy quote

  Show source

• My big "double-aha" moment came while anchoring the national news at CBS News. It was at the height of the recession, and on top of the usual negative stories, my newscasts became full of especially heart wrenching stories of people losing their homes, jobs, and retirement savings. Starting the morning off like that could leave even the most optimistic person feeling helpless and hopeless. The lightning bolt came when we changed how we talked about the negative.

  Michelle Gielan

  Retirement, Morning, Jobs

  Source: www.goodreads.com

  4 Copy quote

  Show source

• People think of a business cycle, which is a boom followed by a recession and then automatic stabilizers revive the economy. But this time we can't revive. The reason is that every recovery since 1945 has begun with a higher, and higher level of debt. The debt is so high now, that since 2008 we've been in what I call, debt deflation.

  Michael Hudson

  Recovery, Thinking, People

  Source: www.counterpunch.org

  3 Copy quote

  Show source

• [The immigrant] becomes a kind of insurance policy against the effects of the recession. By blaming him, the pressure valve is regulated in times of crisis ... What we have now is a public mindset of us versus them, and an overall anti-immigrant climate that is both troubling and morally reprehensible.

  Andrew Lam

  Times Of Crisis, Pressure, Climate

  Source: www.truth-out.org

  3 Copy quote

  Show source

• You've heard of mental depression; this is a mental recession.

  Phil Gramm

  Heard

  "Gramm: We need more leadership, less whining" by Dana Bash, www.cnn.com. July 10, 2008.

  3 Copy quote

  Show source

• There may be a recession in stock prices, but not anything in the nature of a crash.

  Irving Fisher

  Depression, May, Crash

  36 Copy quote

• We haven't had a recession for 25 years in Australia. It's partly because of our trade with China. China's been doing relatively well. So some of the tensions around a low-wage economy haven't quite happened here in the same way as they have in the United States.

  Richard Glover

  Years, Australia, Way

  Source: www.npr.org

  3 Copy quote

  Show source