Quotes About Downturns

Listen, I wish economic growth only went in one direction. It doesn't. There are economic downturns. They're painful, they're harmful, and they hurt families.

One reason why upturns follow downturns is that downturns tend to overshoot. People get panicky, they're afraid to stay the course, so they start selling. The other thing is that I think, as entrepreneurs keep on waiting to produce new things, that there's an accumulation of as-yet-unexploited new ideas that keeps mounting up.

The price dip didn't disturb Munger's equanimity. "I'm 76 years of age," he said. "I've been through a number of down periods. If you live a long time, you're going to be out of investment fashion some of the time.

Unemployment was a relatively new phenomenon, an artifact of the rise of industrial America where large gains in productivity often came at the expense of economic security. The word unemployment took on its modern meaning of being without work and seeking a wage-paying job only within a dominant wage-labor system where the wageworkers lacked the opportunity to retreat to the countryside to engage in independent agricultural production during downturns.

It's no mere coincidence that over the last century the top earners' share of the nation's total income peaked twice, in 1928 and 2007—the two years just preceding the biggest downturns.

It's no mere coincidence that over the last century the top earners' share of the nation's total income peaked in 1928 and 2007—the two years just preceding the biggest downturns.

History has proven time and again that downturns are the best time to invest in new start-ups. You get good deals and find a better environment for start-ups to grow.

To devise a comprehensive solution for the industry, Rockefeller again needed money: money to create economies of scale, money to build cash reserves to endure downturns, money to heighten efficiency.

If you talk to people about the history of the games business during economic downturns, they'll tell you that it's a recession-proof industry.

Instead of collectivism, inverted totalitarianism thrives on disaggregation, on a citizenry who, ideally, are self-reliant, competitive, certified by standardized testing, but equally fearful of an economy subject to sudden downturns and of terrorists who strike without warning. Classical totalitarianism mobilized its subjects; inverted totalitarianism fragments them.

In New Classical theory, periods of declining employment - business cycle downturns - may be caused by an unexpected decline in aggregate demand, which leaves workers mistakenly holding out for nominal wages that exceed the new market-clearing level.

Recessions can be triggered by many causes, or combinations of causes.

For years, the NFL was the one league apparently immune from ratings downturns of any significance.

When the market turns down, a lot of people lose jobs... and that's the time people become entrepreneurs. Downturns end up being the best times to start companies.

Beyond monetary policy, fiscal policy has traditionally played an important role in dealing with severe economic downturns.

Of course people live in the short run, and the average worker trying to make ends meet during economic downturns in, say, 1841 or 1857 lacked the molifying perspective of an historian.