Recession Quotes
Quotes tagged as "recession"
Showing 1-30 of 54
![Ronald Reagan](https://i.gr-assets.com/images/S/compressed.photo.goodreads.com/authors/1198544792i/3543._UX200_CR0,25,200,200_.jpg)
“Recession is when your neighbor loses his job. Depression is when you lose yours. And recovery is when Jimmy Carter loses his.”
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![Ha-Joon Chang](https://i.gr-assets.com/images/S/compressed.photo.goodreads.com/authors/1294879177i/95227.jpg)
“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.”
― 23 Things They Don't Tell You About Capitalism
― 23 Things They Don't Tell You About Capitalism
![Nassim Nicholas Taleb](https://i.gr-assets.com/images/S/compressed.photo.goodreads.com/authors/1206025993i/21559._UX200_CR0,28,200,200_.jpg)
“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”
― The Bed of Procrustes: Philosophical and Practical Aphorisms
― The Bed of Procrustes: Philosophical and Practical Aphorisms
![Michael Lewis](https://i.gr-assets.com/images/S/compressed.photo.goodreads.com/authors/1317447168i/776._UX200_CR0,49,200,200_.jpg)
“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.”
― The Big Short: Inside the Doomsday Machine
― The Big Short: Inside the Doomsday Machine
![Michael Lewis](https://i.gr-assets.com/images/S/compressed.photo.goodreads.com/authors/1317447168i/776._UX200_CR0,49,200,200_.jpg)
“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.”
― The Big Short: Inside the Doomsday Machine
― The Big Short: Inside the Doomsday Machine
![Michael Lewis](https://i.gr-assets.com/images/S/compressed.photo.goodreads.com/authors/1317447168i/776._UX200_CR0,49,200,200_.jpg)
“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.”
― The Big Short: Inside the Doomsday Machine
― The Big Short: Inside the Doomsday Machine
![Craig Ferguson](https://i.gr-assets.com/images/S/compressed.photo.goodreads.com/authors/1209559121i/77426._UX200_CR0,30,200,200_.jpg)
“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. ”
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![Michael Lewis](https://i.gr-assets.com/images/S/compressed.photo.goodreads.com/authors/1317447168i/776._UX200_CR0,49,200,200_.jpg)
“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?”
― The Big Short: Inside the Doomsday Machine
― The Big Short: Inside the Doomsday Machine
![George Packer](https://i.gr-assets.com/images/S/compressed.photo.goodreads.com/authors/1257121510i/49986._UX200_CR0,0,200,200_.jpg)
“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.”
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![Lucy Moore](https://i.gr-assets.com/images/S/compressed.photo.goodreads.com/authors/1310426947i/78074._UX200_CR0,47,200,200_.jpg)
“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.”
― Anything Goes: A Biography of the Roaring Twenties
― Anything Goes: A Biography of the Roaring Twenties
![Suzan Colon](https://i.gr-assets.com/images/S/compressed.photo.goodreads.com/authors/1280170300i/18359.jpg)
“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.”
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![Abhijit Naskar](https://i.gr-assets.com/images/S/compressed.photo.goodreads.com/authors/1535400350i/13720247._UX200_CR0,0,200,200_.jpg)
“A CEO shouldn't get several hundred times the salary that the janitor is paid. An athlete shouldn't get several hundred times the salary that the waterboy is paid. A filmstar shouldn't get several hundred times the salary that the crew at the bottom are paid.
I understand if you are not yet civilized enough to flatten the field completely – for you are an infantile species after all. But at the very least, do your best to reduce the gap - that is, if you intend to be human someday.”
― Corazon Calamidad: Obedient to None, Oppressive to None
I understand if you are not yet civilized enough to flatten the field completely – for you are an infantile species after all. But at the very least, do your best to reduce the gap - that is, if you intend to be human someday.”
― Corazon Calamidad: Obedient to None, Oppressive to None
![Michael Lewis](https://i.gr-assets.com/images/S/compressed.photo.goodreads.com/authors/1317447168i/776._UX200_CR0,49,200,200_.jpg)
“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.”
― The Big Short: Inside the Doomsday Machine
― The Big Short: Inside the Doomsday Machine
“Millennials bring a unique perspective to business. Those of us who were in college and entering adulthood and beginning our careers during the global recession that started in 2008 have a unique view on business and economics.”
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![Barack Obama](https://i.gr-assets.com/images/S/compressed.photo.goodreads.com/authors/1602177326i/6356._UX200_CR0,35,200,200_.jpg)
“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.”
― A Promised Land
― A Promised Land
“Recessions are there to take your investment game to the next level. A recession should help you reach your targets sooner.”
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“Markets are not efficient enough; that’s why we have market peaks and bottoms now and then.”
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![Scott C. Holstad](https://i.gr-assets.com/images/S/compressed.photo.goodreads.com/authors/1673707000i/230969._UX200_CR0,37,200,200_.jpg)
“the words on the paper im readin are blarin out at me loud an angrylike tellin me there's no end to the recession theres no jobs theres no peace theres no hope man an people wonder why i do what i do? an bums are bummin lights from me and babies are squintin up at me an my coffee is rupturing my gut bitterlike an i guess the world is kinda like the coffee sometimes – ill be suffering thru both tomorrow.”
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“The recession and regression of any society are always an indication of how poorly the citizens of that country understand the value of time.”
― How To Become Great Through Time Conversion: Are you wasting time, spending time or investing time?
― How To Become Great Through Time Conversion: Are you wasting time, spending time or investing time?
![Prem Jagyasi](https://i.gr-assets.com/images/S/compressed.photo.goodreads.com/authors/1542353796i/5036010._UX200_CR0,0,200,200_.jpg)
“During lockdown, we are surely locked but not down. Stay inspired.”
― Dr Prem's Guide - Medical Tourism: Comprehensive Patient and Business Guide on Medical Tourism
― 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.”
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![S.R. Hughes](https://i.gr-assets.com/images/S/compressed.photo.goodreads.com/authors/1407100462i/7111473._UY200_CR50,0,200,200_.jpg)
“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.”
― The War Beneath
to the earth and sleep.”
― The War Beneath
![Richie Norton](https://i.gr-assets.com/images/S/compressed.photo.goodreads.com/authors/1662955369i/5821896._UY200_CR33,0,200,200_.jpg)
“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.”
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“DINK" is an acronym that stands for "double income, no kids" or "dual income, no kids". It describes a couple without children living together while both partners are receiving an income; because both of their wages are coming into the same household, they are free to live more comfortably than couples who live together and spend their money on raising their children. The term was coined at the height of yuppie culture in the 1980s. The Great Recession solidified this social trend, as more couples waited longer to have children or chose not to have children at all.”
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“Економічний розвиток відбувається лише тоді, коли він не блокується економічними невдахами, які відчувають, що їхні економічні привілеї будуть втрачені, й політичними лузерами, які бояться позбутися своєї політичної влади.”
― Why Nations Fail: The Origins of Power, Prosperity, and Poverty, in Persian Language-2018
― Why Nations Fail: The Origins of Power, Prosperity, and Poverty, in Persian Language-2018
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