Quotes About Recessions

Boom/bust cycles are not inevitable and would not occur were it not for the inflationary monetary policies that always precede recessions.

Recessions are great because they unlock the best people.

Lunchroom economic conversations are inevitably graced with at least one statement from an old-timer along the lines of, 'In my day, we walked 10 miles in the snow just to get to the recession.' In fact, the nature of recessions hasn't changed much over the years.

Brexit is for the richest in our country: they can afford recessions.

History is fickle. We know that. The good and bad come around and go around, and go around again. There are recessions and depressions and economic boom and bust.

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.

Recessions are the best time to start a company. Companies fail. Others hold back capital. If you are willing to do the preparation and work, it is the best time to invest in yourself and start a business.

Historically, if people live to be 75 years of age, they live through two recessions and one depression.

value stocks have actually done better than growth stocks during both bear markets and economic recessions, so it is doubtful this is the answer.

One argument goes that recessions are good for female artists because when money flies out the window, women are allowed in the house. The other claims that when money ebbs, so do prospects for women.

I sense very little appetite for green efforts to persuade people to accept a frozen or declining standard of living for the sake of the environment. Recessions remind us that economic retreat or stagnation is painful, whatever the goal.

Three years after the four deepest previous recessions began - in 1953, 1957, 1973 and 1981 - employment was on average 4.7% higher than the pre-recession peak.

Narrative economics demonstrates how popular stories change through time to affect economic outcomes, including not only recessions and depressions, but also other important economic phenomena. The idea that house prices can only go up attaches to the stories of rich house flippers seen on television. The idea that gold is the safest investment attaches to stories of war and depression. These narratives have a contagious element, even if their attachment to any given celebrity is tenuous.

Sharp drops in the money supply then led to severe recessions. The country needed an elastic currency and a permanent lender of last resort.

A wide range of possible fiscal policy tools and approaches could enhance the cyclical stability of the economy. For example, steps could be taken to increase the effectiveness of the automatic stabilizers, and some economists have proposed that greater fiscal support could be usefully provided to state and local governments during recessions.

GDP numbers insist we are doing well, at a time when half the country is suffering from personal recessions. The world's most informative graph is the Elephant Chart.

Many liberals argue that big U.S. companies don't really pay the top corporate rate. While this is sometimes true, it's mainly because, during recessions, companies lose money, and get a tax loss carryforward that temporarily reduces their effective rate. But during economic expansions, when profits rise, companies then do pay the top rate.

A while ago I did a story comparing the change in employment rates in recessions in the U.S. and in Europe, and what I found was that America fired a lot of people and rehired a lot of people faster than Europe. That difference is disappearing, and that is a problem.

One argument goes that recessions are good for female artists because when money flies out the window, women are allowed in the house. The other claims that when money ebbs, so do prospects for women.

Hope sustains life, but misplaced hope prolongs recessions.

What happens during recessions, is you have less windfalls just helping you cover mistakes. You have to be more careful about not making mistakes.

How good are markets in predicting real-world developments? Reading the record, it is striking how many calamities that I anticipated did not in fact materialise. Financial markets constantly anticipate events, both on the positive and on the negative side, which fail to materialise exactly because they have been anticipated. It is an old joke that the stock market has predicted seven of the last two recessions. Markets are often wrong.

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

the first century of the US Federal Reserve's existence has been a failure. Not only has there been incontinent inflation since 1913, the year the Fed came into existence (8 per cent in the preceding 120 years, 2,300 per cent in the succeeding hundred years), but there has been devastating deflation too, and more banking panics, more financial volatility, longer and deeper recessions.