Recession Quotes

Quotes tagged as "recession" Showing 1-30 of 48
Harry Truman
“It’s a recession when your neighbor loses his job; it’s a depression when you lose your own.”
Harry S. Truman

Ronald Reagan
“Recession is when your neighbor loses his job. Depression is when you lose yours. And recovery is when Jimmy Carter loses his.”
Ronald Reagan

Ha-Joon Chang
“Once you realize that trickle-down economics does not work, you will see the excessive tax cuts for the rich as what they are -- a simple upward redistribution of income, rather than a way to make all of us richer, as we were told.”
Ha-Joon Chang, 23 Things They Don't Tell You about Capitalism

Nassim Nicholas Taleb
“Suckers think that you cure greed with money, addiction with substances, expert problems with experts, banking with bankers, economics with economists, and debt crises with debt spending”
Nassim Nicholas Taleb, The Bed of Procrustes: Philosophical and Practical Aphorisms

Michael   Lewis
“The CDO was, in effect, a credit laundering service for the residents of Lower Middle Class America. For Wall Street it was a machine that turned lead into gold.”
Michael Lewis, The Big Short: Inside the Doomsday Machine

Michael   Lewis
“In Bakersfield, California, a Mexican strawberry picker with an income of $14,000 and no English was lent every penny he needed to buy a house for $724,000.”
Michael Lewis, The Big Short: Inside the Doomsday Machine

Michael   Lewis
“When you’re a conservative Republican, you never think people are making money by ripping other people off,” he said. His mind was now fully open to the possibility. “I now realized there was an entire industry, called consumer finance, that basically existed to rip people off.”
Michael Lewis, The Big Short: Inside the Doomsday Machine

Craig Ferguson
“When you need to borrow money the Mob seems like a better deal I think. 'You don't pay me back I break both yer legs.' Is that all? You won't take my house or wreck my credit rating? Fine where do I sign. Legs? Fine. You don't even have to sign anything. ”
craig ferguson

Michael   Lewis
“What are the odds that people will make smart decisions about money if they don’t need to make smart decisions—if they can get rich making dumb decisions?”
Michael Lewis, The Big Short: Inside the Doomsday Machine

George Packer
“This malignant persistence since September 11th is the biggest surprise of all. In previous decades, sneak attacks, stock-market crashes, and other great crises became hinges on which American history swung in dramatically new directions. But events on the same scale, or nearly so, no longer seem to have that power; moneyed interests may have become too entrenched, elites too self-seeking, institutions too feeble, and the public too polarized and passive for the country to be shocked into fundamental change.”
George Packer

Warren Buffett
“Only when the tide goes out do you discover who's been swimming naked.”
Warren Buffett, Warren Buffett Speaks

Suzan Colon
“This explains why I've been making Recession Tea- letting a teabag steep for half the time it should so I can use it again for a second cup later.”
Suzan Colon

Lucy Moore
“The crash did not cause the Depression: that was part of a far broader malaise. What it did was expose the weaknesses that underpinned the confidence and optimism of the 1920s - poor distribution of income, a weak banking structure and insufficient regulations, the economy's dependence on new consumer goods, the over-extension of industry and the Government's blind belief that promoting business interests would make America uniformly prosperous.”
Lucy Moore, Anything Goes: A Biography of the Roaring Twenties

Alex Callinicos
“Economic crises breed war.”
Alex Callinicos, The Revolutionary Road To Socialism

Michael   Lewis
“The simple measure of sanity in housing prices, Zelman argued, was the ratio of median home price to income. Historically, in the United States, it ran around 3:1; by late 2004, it had risen nationally, to 4:1. “All these people were saying it was nearly as high in some other countries,” says Zelman. “But the problem wasn’t just that it was four to one. In Los Angeles it was ten to one and in Miami, eight-point-five to one.”
Michael Lewis, The Big Short: Inside the Doomsday Machine

Toba Beta
“World needs a new order of modern economy.”
Toba Beta, Master of Stupidity

Tyler Cowen
“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

“In the world we live in today. I believe the light of God can bring us out the darkness.”
Angel Moreira

Barack Obama
“In other words, FDR understood that to be effective, governance couldn't be so antiseptic that it set aside the basic stuff of politics: You had to sell your program, reward supporters, punch back against opponents, and amplify the facts that helped your cause while fudging the details that didn't. I found myself wondering whether we'd somehow turned a virtue into a vice; whether, trapped in my own high-mindedness, I'd failed to tell the American people a story they could believe in; and whether having ceded the political narrative to my critics, I was going to be able to wrest it back.”
Barack Obama, A Promised Land

Robin Sacredfire
“Alchemy: In times of recession it's not wise to argue about the price of gold.”
Robin Sacredfire

Petter Dass
“Jo ældere Verden hun bliver af Aar,
Jo værre jo slæmmer' er Menniskens Kaar,
Vi haver alt levet det beste.”
Petter Dass, The Trumpet of Nordland

Amanda Craig
“It’s unthinkable, now to live as her parents had done, going to work from nine to five and enjoying the benefits of the newly-formed health and education services. What paradise it had seemed! Now, in order to pay their exorbitant mortgages, and ever more exorbitant fuel prices, British adults have to work long hours – the longest, it is said, in Europe… Everyone they know, everyone they see, is just like them, living in houses like these, reading the same papers, seeing the same films and TV programmes and plays, buying from the same shops and sending their children to the same schools; and they think it will go on for ever, either ever-mounting property prices cushioning them. But it can’t.”
Amanda Craig

“The recession and regression of any society are always an indication of how poorly the citizens of that country understand the value of time.”
Sunday Adelaja, How To Become Great Through Time Conversion: Are you wasting time, spending time or investing time?

Amit Kalantri
“During recession greed dies, frugality survives.”
Amit Kalantri, Wealth of Words

Prem Jagyasi
“During lockdown, we are surely locked but not down. Stay inspired.”
Dr Prem Jagyasi, Dr Prem's Guide - Medical Tourism: Comprehensive Patient and Business Guide on Medical Tourism

“Today’s crises are tomorrow’s stories, and it’s your story. Decide what acts you wish to portray.”
Dr Prem Jagyasi

S.R.  Hughes
“In the receding wake of the engine, night faded into day. Birds twittered in the growing forest. All around her, a sprawl of rotting ex-suburbs roused its wheezing way into sunlight. Vines clung to abandoned houses like lover’s limbs as if saying come back to the earth with us. come back
to the earth and sleep.”
S.R. Hughes, The War Beneath

“You may lose it all and fall, but in the midst of your recession never lose your Passion.”
Goitsemang Mvula

Richie Norton
“Please start a business during this depressive recession. Your opportunity only goes up from here. Opportunities come and go but if you do nothing about them so do you.”
Richie Norton

“Recessions are there to take your investment game to the next level. A recession should help you reach your targets sooner.”
Naved Abdali

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