Quotes About Recession

Figure 1: The incidence of banking crises Source: Own calculations, based on the reported numbers of major bank failures in OECD economies, from Reinhart and Rogoff (2010)

The economic crisis really affected my family - 2006 to 2011 were really bad times. Almost everybody in my family lost their jobs.

In the recession people are going to be looking even more at what movie stars are wearing, as it provides a fantasy outlet.

America cannot afford a rally to restore sanity in the middle of a recession. Did you even consider how many panic-related jobs that might cost us in the fear-industrial complex?

Whenever there is a a financial crisis, it is always the banks that get hit.

A recession is when your neighbor loses his job. A depression is when you lose yours.

in 1991 the then British Chancellor, Norman Lamont, told the House of Commons that: "… 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. That focus on keeping inflation down remains at the heart of monetary policy.

When the central bank lowers interest rates below what they would have reached on the market, it sets in motion a series of responses by investors and consumers that will prove to be incompatible. The result is the recession, which is the economy's return to health: the economy's unsustainable configuration is unwound, and resources (including labor) are reallocated to lines of production that make sense in terms of resource availability and consumer preferences.

I think the artists of the recession will end up being a very strong force in the future. They learned about survival.

Our first goal is to stop the recession and start with recovery.

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

Recession is when a neighbor loses his job. Depression is when you lose yours.

If we can't find valuable work, it's not because we're in a recession; we're in a recession because we can't find valuable work. We've been confusing cause and effect.

The world is immediate, not external, and we are all its custodians, as well as its observers. A culture which holds the immediate world at bay by objectifying it as the Observed System, thereby leaving it to the blinkered forces of the marketplace, will also be blind to the effects of doing so until those effects become quantifiable as, for example, acid rain, holes in the ozone layer and global economic recession.

Los Angeles wasn't a sun-splashed utopia anymore—it was an alienated, smog-choked sprawl rife with racial and class tensions, recession, and stifling boredom.

Then came the 1982 recession. The promises and prizes quickly disappeared and once again employers had a buyers' market and the upper hand. By then, the game had changed.

The Federal Reserve is not currently forecasting a recession. Ben Bernanke January 10, 2008

President Barack Obama has stood watch over the greatest job loss in modern American history. And that, my friends, is one inconvenient truth that will haunt this President throughout history.

Disinvestment has put economy in bad shape.

Through no fault of their own, 20 percent of the American labor force was out of work by 1932. Average men woke to find themselves as outcasts, without the emblems of American male identity: jobs, homes, the means to provide for their families.

The crash of 2008 ought to have thrown a bucket of cold water over the excited futurologists. Open societies suffered far more than closed regimes. A member of the Central Committee of the Chinese Communist Party was entitled to wonder why Americans were telling him he must allow free speech when China was booming and the First Amendment had not stopped debt-laden America going through a deep recession.

Recall the 1970s, a decade that featured bubbles, busts, an end to the global gold exchange standard, devaluation of the dollar, mounting debt, risky financial innovation, monetary and fiscal experimentation, and oil supply shocks driven by geopolitical shocks. It all culminated in double-digit inflation, stubborn unemployment, and persistent recession. That is the corrosive condition known as stagflation, or stagnation with inflation.

I don't think the Palestinian people or Afghan children or some other things I'm concerned about are at the top of other people's agendas - not right now, when America is going through such a recession and people are suffering across the board financially. But I think all that will change.

So, in Europe, they're cutting people's retirement and health benefits. And that's what we want to avoid from happening. They're raising taxes, entering a recession. That's the kind of economic program that President Obama has put in place.