Recessions Quotes - Page 9

• Hope sustains life, but misplaced hope prolongs recessions.

  James Grant

  Misplaced

  "Whistling Past the Economic Graveyard: The Audacity of Misplaced Hope" by Arianna Huffington, www.huffingtonpost.com. July 16, 2009.

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• Long periods of recession, which tend to be self-perpetuating, are usually ended by war, or by preparations for it.

  Paul Johnson

  War, Self, Long

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• The recession is everywhere. We need to be heard. Wouldn't it be great if there could be more referendums so we could have regular voting on specific points?

  Joss Stone

  Voting, Needs, Referendums

  Source: www.interviewmagazine.com

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• There is only a recession of the things that people don't want.

  Mark Victor Hansen

  People, Want

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• It was not hard to persuade people that the market was sound; as always in such times they asked only that the dispiriting voices of doubt be muted and that there should be tolerably frequent expressions of confidence.

  John Kenneth Galbraith

  Expression, Voice, People

  "The Great Crash, 1929". Book by John Kenneth Galbraith, Chapter V, The Twilight of Illusion, Section II, p. 70, 1954.

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• When women were excluded from New Deal programs, Eleanor Roosevelt fought to include them. Roosevelt was among a handful of leaders who realized the US economy would not escape the depths of recession without the full contributions of women.

  Lael Brainard

  Leader, Depth, Economy

  "Political leaders often overlook the key to economic growth: women" by Lael Brainard, www.theguardian.com. July 31, 2013.

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• Millionaires are just as patriotic as poor people. The very wealthy are just as noble and patriotic as the middle class. But nothing has been asked of them in this horrendous recession. And it's time we just ask.

  Joe Biden

  Patriotic, Class, People

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• Bond investors are the vampires of the investment world. They love decay, recession - anything that leads to low inflation and the protection of the real value of their loans.

  Bill Gross

  Real, Vampire, Decay

  Bill Gross (2012). “Everything You've Heard About Investing Is Wrong!: How to Profit in Coming Post-Bull Markets”, p.51, Crown Business

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• Boom and bust is a term that applied to the Conservative years and two of the worst recessions in history.

  Gordon Brown

  Years, Two, Conservative

  House of Commons debate, www.publications.parliament.uk. December 6, 2006.

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• Consumer spending is now plunging at serious-recession rate ... even if the rescue now in train succeeds in unfreezing credit markets, the real economy has immense downward momentum. In addition to financial rescues, we need major stimulus programs.

  Paul Krugman

  Real, Needs, Momentum

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• Our goal is not to douse the recession with money, which would be useless, as both you and I know. Our goal is to liberate the business initiative, to lower administrative and law enforcement pressure and to make legal protection truly effective

  Dmitry Medvedev

  Law, Goal, Would Be

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• Up until the Depression, recession had a moral character: it was supposed to purge the body economic of the greed and excess that attends a business expansion.

  James Buchan

  Character, Greed, Expansion

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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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• Government intervention in the economy - through taxes, regulation and, most importantly, currency inflation - causes distortions and misallocations of capital that must eventually be unwound. The distortions degrade the general standard of living, and the economy goes into a recession (call that an incomplete cleansing). Or it goes into a depression - wherein the entire sickly structure comes unglued.

  Doug Casey

  Government, Regulation, Cleansing

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• I think that capitalism in general is responsible, not for the worldwide recession, but for a lot of suffering, both in the United States and around the world.

  Michael Moore

  Thinking, Suffering, United States

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• Sustainability requires that we demand enduring quality. Steve Strong has a slide presentation pointing out that much of Oxford was built 800 years ago. What are we building today that will be here 800 years from now? If something like that emerged from this recession, it would help justify the hardship so many people are currently experiencing.

  Denis Hayes

  Strong, Years, Oxford

  "The Rumpus Interview with Earth Day organiser Denis Hayes". Interview with Melissa Price, therumpus.net. April 22, 2009.

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• The trade unions in the UK are campaigning around zero-hours contracts, which isn't about feminism, but it's a feminist issue. Women are affected by zero-hours contracts, and the recession has and is affecting women more than men.

  Rachel Holmes

  Zero, Men, Issues

  Source: www.guernicamag.com

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• I realized that the artists who managed to fight through this recession have a better shot at longevity than most. The recession was a test of your resolve and passion. I think as we come out of these rough times we will be more adept at survival and will have gained the skills necessary to make a long fruitful artistic career. There will still be those that fade away but we are more likely to grow and bend with the times and prosper.

  Mark Edward

  Passion, Fighting, Artist

  "Lessons From Old Art Magazines". markedwardadams.com. May 3, 2013.

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• There are different flavors of recession. You can get into some pretty dark scenarios pretty quickly.

  Mark Zandi

  Dark, Different, Flavor

  "A 40 Percent Chance of Economic Doom". Interview with Elizabeth Weingarten, www.slate.com. October 18, 2011.

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• When it comes to America's economy, the truth is that Mitt Romney believes that the key to our country's economic future lies in the failed policies of the past, the same ones that put banks before people, Wall Street before Main Street, plunging us into recession and devastating the middle class.

  Charlie Gonzalez

  Country, Wall, Lying

  "Charles Gonzalez DNC speech". www.politico.com. September 4, 2012.

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• In China anything less than 6% growth is a recession meaning that it also causes financial problems and it's disruptive and it's a problem.

  Ray Dalio

  Growth, Financial Problems, Causes

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• Nobody's profitable at this moment, because recession is on; advertising dollars are down, and expenses are way up. So that kind of belies the situation that you would expect, because the ratings are way up everywhere.

  Brit Hume

  Dollars, Down And, Way

  "PBS NewHour" with Terence Smith, www.pbs.org. January 31, 2002.

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• The tax relief package enacted in 2001 was central to pulling the economy out of the post 9-11 recession. It's the reason we've got low unemployment and have created more than two million jobs in the last year.

  J. D. Hayworth

  Jobs, Years, Two

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• I think the economic empowerment of women that has been growing over the past decade is at the 'inflection point' with this global recession. Women are, we believe, the solution for their families in their ability to go out and increase household income.

  Andrea Jung

  Believe, Past, Thinking

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• I think governments are quietly terrified. There's massive unemployment, a recession they don't know how to deal with, and the measures they've taken are not working yet, and maybe they're not going to work. There's a prospect of significant social disorder.

  Simon Critchley

  Taken, Thinking, Government

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