Recession Quotes

“It’s a recession when your neighbor loses his job; it’s a depression when you lose your own.”
― Harry S. Truman

“Recession is when your neighbor loses his job. Depression is when you lose yours. And recovery is when Jimmy Carter loses his.”
― Ronald Reagan

“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.”
― Ha-Joon Chang, 23 Things They Don't Tell You About Capitalism

“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”
― Nassim Nicholas Taleb, The Bed of Procrustes: Philosophical and Practical Aphorisms

“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.”
― Michael Lewis, The Big Short: Inside the Doomsday Machine

“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.”
― Michael Lewis, The Big Short: Inside the Doomsday Machine

“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.”
― Michael Lewis, The Big Short: Inside the Doomsday Machine

“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. ”
― craig ferguson

“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?”
― Michael Lewis, The Big Short: Inside the Doomsday Machine

“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.”
― George Packer

“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.”
― Lucy Moore, Anything Goes: A Biography of the Roaring Twenties

“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.”
― Suzan Colon

“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.”
― Abhijit Naskar, Corazon Calamidad: Obedient to None, Oppressive to None

“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.”
― Michael Lewis, The Big Short: Inside the Doomsday Machine

“World needs a new order of modern economy.”
― Toba Beta, Master of Stupidity

“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.”
― Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth

“In the world we live in today. I believe the light of God can bring us out the darkness.”
― Angel Moreira

“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.”
― Barack Obama, A Promised Land

“You may lose it all and fall, but in the midst of your recession never lose your Passion.”
― Goitsemang Mvula

“Recessions are there to take your investment game to the next level. A recession should help you reach your targets sooner.”
― Naved Abdali

“Markets are not efficient enough; that’s why we have market peaks and bottoms now and then.”
― Naved Abdali

“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.”
― Scott C. Holstad

“The recession and regression of any society are always an indication of how poorly the citizens of that country understand the value of time.”
― Sunday Adelaja, How To Become Great Through Time Conversion: Are you wasting time, spending time or investing time?

“During recession greed dies, frugality survives.”
― Amit Kalantri, Wealth of Words

“During lockdown, we are surely locked but not down. Stay inspired.”
― Dr Prem Jagyasi, 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.”
― Dr Prem Jagyasi

“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.”
― S.R. Hughes, The War Beneath

“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.”
― Richie Norton

“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.”
― wiki

“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.”
― Daron Acemoglu James A. Robinson, Why Nations Fail: The Origins of Power, Prosperity, and Poverty, in Persian Language-2018