Quotes About Recession

the worst real estate crashes in history! And on the surface, it looks like you'd probably put this in your Risk Bucket. But here's why I think it's a safe investment: in 2008, when the real estate market just went through the floor, and the world was upside down, the prices of houses in most parts of the United States dropped 30% to 40%, max. There were a few exceptions, such as some parts of Las Vegas, Phoenix, and Miami, where the prices dropped more than 50%.

There is a clear pattern in U.S. history: When we need labor, we welcome migrants. When we are in recession, we want them to leave.

Weak banks endangered sovereigns that were called upon to save them, and weak sovereigns endangered banks holding bonds at risk of default. Recession worsened the debt ratio, but austerity to reduce borrowing suppressed growth, or caused even worse recession.

America's stock markets declined by 38% in 2008, but most of the world's major stock markets fell by closer to 50% for the same period. The destruction of the American engine of enterprise will bring down markets, corporations, and individuals worldwide.

When the banks crashed the global economy in 2007-08, it was they who received a bailout while the rest of us got austerity.

No one saw the recession coming.

The other thing is quality of life; if you have a place where you can go and have a picnic with your family, it doesn't matter if it's a recession or not, you can include that in your quality of life.

We simply can't spend our way out of a recession.

There is always some chance of recession in any year. But the evidence suggests that expansions don't die of old age.

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.

I've lived through periods of illiquidity before. Asset prices come down. The economy slows or even goes into recession. Then the cycle re-starts. We buy at lower prices with less leverage.

In a recession, you must be able to call into question everything you've done before.

I realized it was happening, but most people didn't realize it was happening. I mean, because as a self-employed person, when there is a recession or a cutback in the economy, we feel it first. Because many self-employed people provide services that are nonessential.

Everyone drinks more during a recession; they want to forget.

To qualify as a recession, economic activity must decline in an absolute sense; a mere slowdown in real growth is not enough.

All of this talk of recession offends me. I am delighted that bankers have less money.

Experience shows that a recession is never the result of just a few large industries dragging the economy down while the others continue to expand.

For years, we've grown dependant on American consumers as the world's spenders of last resort. They've kept Europe out of recession, allowed China to industrialise, and prevented global deflation. But at the same time, they've not been looking after their own futures.

You do not have to be an economist to know that putting up the cost of employing someone is a pretty barking thing to do when you're trying to get out of a recession.

Around '75 when the recession hit, club owners started going to disco because it was cheaper for them to just buy a sound system than it was to hire a band.

We are in the middle of an education recession.

We got into a recession because the global economy went into the recession and we're a big exporting nation.

Expansions do not die of old age. The probability of recession in the following year is the same for a three-year-old expansion as it is for a five- or six-year-old expansion.

A government can't cut its way out of a recession any more than you can dig yourself out of a hole.