Best crisis & financial Quotes | Short & Famous Sayings Page 2

“It is easier to invest for cash flow during a financial crisis. So don't waste a good crisis by hiding your head in the sand. The longer the crisis lasts, the richer some people will become.”

People Lasts Easier Waste Flow Crisis Financial Sand Hiding Cash Financial Crisis Cash Flow

Author:Robert Kiyosaki

“One intriguing subplot of the economic crisis is the failure of most economists to predict it. Here we have the most spectacular economic and financial crisis in decades - possibly since the Great Depression - and the one group that spends most of its waking hours analyzing the economy basically missed it.”

Hours Economy Groups Economic Crisis Financial Decades Waking Economist Spectacular Intriguing Great Depression Analyzing Financial Crisis Economic Crisis Subplots

Author:Robert J. Samuelson

“No man bears more responsibility for the present worldwide financial crisis and coming depression than Alan Greenspan.”

Men Responsibility Bears Crisis Financial Financial Crisis

Author:Bill Bonner

“The essence of the this-time-is-different syndrome is...rooted in the firmly held belief that financial crises are things that happen to other people in other countries at other times; crises do not happen to us, here and now. We are doing things better, we are smarter, we have learned from past mistakes. The old rules of valuation no longer apply. Unfortunately, a highly leveraged economy can unwittingly be sitting with its back at the edge of a financial cliff for many years before chance and circumstance provoke a crisis of confidence that pushes it off.”

“Nowhere does it say that investors should strive to make every last dollar of potential profit; consideration of risk must never take a backseat to return. Conservative positioning entering a crisis is crucial: it enables one to maintain long-term oriented, clear thinking, and to focus on new opportunities while others are distracted or even forced to sell. Portfolio hedges must be in place before a crisis hits. One cannot reliably or affordably increase or replace hedges that are rolling off during a financial crisis.”

“Almost no one will accept responsibility for his or her role in precipitating a crisis: not leveraged speculators, not willfully blind leaders of financial institutions, and certainly not regulators, government officials, ratings agencies or politicians.”

Government Responsibility Leader Accepting Roles Politician Crisis Institutions Blind Financial Agency Officials Rating Regulators Government Officials Speculators Financial Institutions

Author:Seth Klarman

“In a crisis, stocks of financial companies are great investments, because the tide is bound to turn. Massive losses on bad loans and soured investments are irrelevant to value; improving trends and future prospects are what matter, regardless of whether profits will have to be used to cover loan losses and equity shortfalls for years to come.”

Years Matter Used Values Turns Loss Company Crisis Investment Bounds Financial Profit Massive Trends Tides What Matters Improving Irrelevant Equity Loan Prospects

Author:Seth Klarman

“If one sentence were to sum up the mechanism driving the Great Stagnation, it is this: Recent and current innovation is more geared to private goods than to public goods. That simple observation ties together the three major macroeconomic events of our time: growing income inequality, stagnant median income, and the financial crisis.”

“The housing and financial crisis could not have occurred in the absence of government housing and monetary policies.”

Government Policy Crisis Financial Absence Housing Monetary Financial Crisis Monetary Policy

Author:Sheldon Richman

“President Obama has a good sense not just of the economic requisites for financial crisis firefighting but also how you build political support for moving forward on reforming the financial system, making sure that the banks are carrying enough capital.”

Enough Moving Political President Support Economic Crisis Financial Moving Forward President Obama Good Sense Financial Crisis Financial System Firefighting

Author:Lael Brainard

“What we know about the global financial crisis is that we don't know very much.”

Knows Crisis Financial Financial Crisis

Author:Paul Samuelson

“Sometimes it takes a crisis for people to agree that what is obvious and should have been done years ago, can no longer be postponed. We must create a new international financial architecture for the global age.”

People Should Years Has Beens Sometimes Done Age Years Ago Should Have Crisis Agree Financial International Obvious Architecture Should Have Been

Author:Gordon Brown

“The financial crisis was a classic case of the political class failing the American people. Twenty-five agencies were supposed to be minding the store during the financial crisis and every one of them was asleep at the switch.”

People Political Class Cases Five Failing Twenties Crisis Financial Stores Supposed To Be Classic Agency Twenty Five Financial Crisis

Author:Carly Fiorina

“When the financial crisis arrived, it seemed to me that this was something I had to make a movie about.”

Crisis Financial Financial Crisis

Author:Charles Ferguson

“Ever since the Great Depression, economists have known that demand shortages tend to persist in the wake of severe financial crises like the ones that happened in 1929 and 2008.”

Known Happened Demand Crisis Financial Persist Severe Economist Shortage Great Depression Financial Crisis

Author:Bob Frank

“It's a tale of redemption. It's a tale of a girl who is going on a journey, who makes mistakes as most young people do... the credit card companies love sending you credit cards so you exceed your limit and they can charge you interest. And this is a girl who overcomes her problems and figures a way out of her financial crisis, and hopefully the world will do the same thing.”

“I mean, we've always had gold bugs, but now we sort of realize that Treasure Bills might be in the same category. And we have derivatives like credit default swaps which are in this category, and we have derivatives like volatilities that are actually an asset class that we can invest in which are now - would out perform if we have another financial crisis.”

Ifs Mean Might Realizing Class Gold Crisis Bills Financial Credit Treasure Assets Categories Bugs Default Financial Crisis Derivatives Volatility Credit Default Swap

Author:Robert F. Engle

“All of this is happening because there has still been no reckoning post the financial crisis. So governments have fallen, one bloke has been to prison, the banks have gone pretty well back to status quo, the rich are getting richer, and the poor are getting poorer. And it's fuelling anger. And somehow [Donald] Trump, who represents the worst aspects of capitalism, has persuaded people he can deal with that.”

“She [Carolyn Maloney] knows the financial issues, that's why we thought she was perfect because we're in a - we're in, as you know, a financial crisis, an economic crisis, and I know that she'll see the whole picture.”

Knows Whole Perfect Issues Economic Crisis Financial Financial Crisis Economic Crisis Whole Picture

Author:Eleanor Smeal

“Concerning the common currency: today, the euro is not worth it for Poland. The reason why we survived the financial and economic crisis quite well is that we have a national currency. This will not change in the near future.”

Wells Reason Today Common Economic Crisis Financial Reason Why Currency Worth It Survived Euro Poland Economic Crisis Not Worth It

Author:Jaroslaw Kaczynski

“The default assumption is that - financial crises aside - growth will continue indefinitely. Not just for the poorest countries, where a better quality of life is undeniably needed, but even for the richest nations where the cornucopia of material wealth adds little to happiness and is beginning to threaten the foundations of our wellbeing.”

Source: Prosperity Without Growth: Foundations for the Economy of Tomorrow

“Let's stop for a second and remember where we were eight years ago [in 2008]. We had the worst financial crisis, the Great Recession, the worst since the 1930s. That was in large part because of tax policies that slashed taxes on the wealthy, failed to invest in the middle class, took their eyes off of Wall Street, and created a perfect storm.”

“When I was a Senator from New York, I represented and worked with so many talented principled people who made their living in finance. But even thought I represented them and did all I could to make sure they continued to prosper, I called for closing the carried interest loophole and addressing skyrocketing CEO pay. I also was calling in '06, '07 for doing something about the mortgage crisis, because I saw every day from Wall Street literally to main streets across New York how a well-functioning financial system is essential.”

“I admire President Obama. He inherited the worst financial crisis since the Great Depression. That was a terrible time for America.”

America President Worst Terrible Crisis Financial Admire President Obama Great Depression Financial Crisis Terrible Times

Author:Hillary Clinton

“The financial crisis happened because no-one could actually say out loud how bad things were.”

Happened Crisis Financial Loud Bad Things Financial Crisis

Author:Mark Ravenhill

“We've learned our lesson with finance because they made a huge goddamn explosion that almost shut down the world. But the thing I realized is that there might never be an explosion on the scale of the financial crisis happening with big data.”

World Made Bigs Might Huge Lessons Happenings Crisis Financial I Realized Scales Finance Data Explosions Financial Crisis

Author:Cathy O'Neil

“I think likelier targets are [Steve] Mnuchin, the Treasury pick. When you look at his dealings during the financial crisis, that's going to be a target rich environment, and [Rex] Tillerson.”

Thinking Looks Rich Environment Picks Crisis Financial Target Get Rich Treasury Financial Crisis Dealings

Author:Rich Lowry

“Keep in mind that, when I came in, we had had a crisis that was the worst we've seen since the 1930s, and working with people like Chancellor Merkel, working with the G-20 and other institutions internationally, we were able to stabilize the financial system, stabilize the US economy and return to growth.”

People Mind Able Growth Economy Worst Return Crisis Institutions Financial 1930s Financial System

Author:Barack Obama

“There was a time when if you had a financial crisis in Southeast Asia somewhere, it had no impact on our markets. Today it does.”

Ifs Doe Today Crisis Impact Financial Asia Financial Crisis Southeast Asia

Author:Barack Obama

“When I was in government, the South African economy was growing at 4.5% - 5%. But then came the global financial crisis of 2008/2009, and so the global economy shrunk. That hit South Africa very hard, because then the export markets shrunk, and that includes China, which has become one of the main trade partners with South Africa. Also, the slowdown in the Chinese economy affected South Africa. The result was that during that whole period, South Africa lost something like a million jobs because of external factors.”

Hard Whole Government Jobs Lost Results Millions Economy Growing Periods Crisis Trade South Financial China Partners Factors Chinese Affected South Africa Global Economy Financial Crisis

Author:Thabo Mbeki

“We have already seen some instances of systemic risk in recent times in the Asian financial crisis. But what sparked off the Asian financial crisis? Automated trading programmes!”

Risk Crisis Financial Instance Trading Asian Programmes Financial Crisis

Author:Paul Virilio

“For me, the Asian financial crisis of 1998 and the war in Kosovo in 1999 are the prelude to the integral accident.”

War Crisis Financial Accidents Asian Financial Crisis Prelude Kosovo

Author:Paul Virilio

“Quite frankly, I have to admit that with regard to the enormous financial assets and funds of Russian leaders in Western banks and on stock markets, the chances for the West to exert influence on Russia are quite low. I doubt that Western leaders are willing to exert pressure. I would not exclude an intervention in case of a crisis.”

Chance Leader Cases Doubt Influence Willing Lows Pressure Regard Crisis West Western Financial Russia Enormous Fund Assets Intervention

Author:Garry Kasparov

“Beside the two wars he inherited in Iraq and Afghanistan, and promised to end, a financial crisis at home had pushed the United States to the brink of another Great Depression. When we spoke with the new president in March of 2009, the economy was losing 800,000 jobs a month, the government was throwing hundreds of billions of dollars at failing banks, and the auto industry was on the verge of collapse. Politically pummeled from all sides, Obama did his best to keep a sense of humor.”

“Here's Hillary Clinton getting away with tying the Republicans to rich people. She's tying the Republican Party to Wall Street, to the big banks. She's tying the Republican Party to the financial crisis in 2008. It's all their fault. She's tying herself as with the low-income crowd - and the average, ordinary middle class American - as their champion, as their defender. They don't know that it's not the Republicans in bed with banks. They don't know that it's the banks that are practically paying for and underwriting the Democrat Party and Hillary Clinton today.”

“It is no exaggeration to say that rising inequality has driven many of the 99 percent into a financial ditch. It also helped spawn the housing bubble that gave us the financial crisis of 2008, the lingering effects of which have forced many OWS protesters to try to launch their careers in by far the most inhospitable labor market we've seen since the Great Depression. Even those recent graduates who manage to find jobs will suffer a lifelong penalty in reduced wages.”

“Henry Blodget says, "It is not clear what, if any, power and influence [Steven Lerner] currently wields. His main message - that Wall Street won the financial crisis, that inequality in this country is hitting record levels, and that there appears to be no other way to stop the trend - will almost certainly resonate."”

Ifs Way Country Levels Clear Records Influence Streets Wall Messages Crisis Financial Inequality What If Trends Hitting Financial Crisis

Author:Rush Limbaugh

“The Fed has a lot of power in the economy because it has a big impact on the supply and cost of credit, that is, interest rates. It also plays a key role in supervising banks and historically has seemed to take it easy on the banks when it shouldn't have, such as in the lead up to the financial crisis.”

Play Bigs Easy Interest Roles Economy Keys Cost Crisis Impact Rate Financial Credit Feds Interest Rate Financial Crisis Take It Easy Big Impact

Author:Gerald Epstein

“Critics, often for good reason, are concerned that the Fed is wielding its vast powers in the interests of the banks and not in the interests of the people. After the financial crisis, Americans have perceived that the banks have been bailed out, but a significant proportion of the population is still in serious economic trouble.”

People Has Beens Stills Reason Interest Trouble Economic Serious Concerned Crisis Critics Financial Population Significant Proportion Feds Financial Crisis

Author:Gerald Epstein

“It's just very hard to teach a class of students about what has happened in the Global Financial Crisis, how we ended up there and how we got to where we are today, without having some basic, non-trivial understanding of the financial sector, credit, and the banking system.”

Hard Today Understanding Class Teach Happened Students Crisis Financial Credit Banking Financial Crisis Banking System

Author:Alan M. Taylor

“In the immediate postwar era, financial crises in advanced countries were rare events, and before 1970 did not happen at all. Since then they have occurred more often, and 2008 was the most damaging of them all to date. If we have moved back to a regime of regular financial crises - like the one we had from the 1870s to the 1930s - then our economic future will be very different from our recent past.”

Ifs Different Country Happens Past Economic Events Crisis Moved Financial Eras Regimes 1930s Financial Crisis Recent Past Rare Events

Author:Alan M. Taylor

“The global financial crisis is a great opportunity to showcase and propagate both causal and moral institutional analysis. The crisis shows major flaws in the way the US financial system is regulated and, more importantly, in our political system, which is essentially a bazaar of legalized bribery where financial institutions can buy themselves the governmental regulations they want, along with the regulators who routinely receive lucrative jobs in the industry whose oversight had formerly been their responsibility, the so-called revolving-door practice.”

“The President [Barack Obama], I think if you look at it from his shoes, you know, was facing a very difficult situation where he had to own Washington, tame New York, save a collapsing economy, with a collapsed financial system. He moved, I think, to a team that he felt was tried and true, in terms of dealing with financial crisis. That was his decision.”

“If you look at what happened, I came in the middle of the worst financial crisis since the Great Depression. And unlike Franklin Delano Roosevelt who waited, well, didn't take office until about three years into the Great Depression, it was happening just as I was elected.”

Ifs Years Wells Looks Three Happened Middle Worst Office Happenings Crisis Financial Three Years Franklin Great Depression Financial Crisis Franklin Delano Roosevelt

Author:Barack Obama

“For the last several decades, there was a prevailing belief among traditional economists that the markets were rational and self-correcting. Alan Greenspan advocated this view. But the 2008 financial crisis showed that this view is incorrect, and Greenspan eventually admitted as much.”

Self Lasts Belief Views Crisis Financial Decades Rational Traditional Economist Prevailing Correcting Financial Crisis

Author:Kabir Sehgal

“People look at the future and see a black hole. They look at climate change and see an ecological crisis. They look at their leaders corrupted by money and see a political crisis. They wonder if they'll ever be able to pay off their student loan or own a house. Given this ecological, political and financial crisis, what they want is a different future. Their fundamental demand is a different regime to provide that future.”

People Different Political House Black Leader Wonder Students Crisis Climate Change Financial Loan Ecological Financial Crisis Black Hole Student Loan

Author:Kalle Lasn

“The October Crisis was not just a crisis of the financial sector, but one arising from an ill-informed and erroneous mindset that still infects businesses in general and requires correction.”

Crisis Financial Mindset October

Author:Chip Pitts

“There are days when you might enjoy being an editor a little less, due to one crisis or another. It is absolutely vital, to me, in a period of technological evolution and sometimes financial stress that I and my colleagues not only put out a fantastic magazine and Web site and all the rest, but also that we are smart enough about what we are doing.”

Sometimes Enough Enjoy Evolution Smart Stress Crisis Financial Fantastic Technological

Author:David Remnick

“Although the financial crisis, you know, receded a while ago, we kind of never picked up on it.”

Kind Crisis Financial Financial Crisis

Author:Lloyd Blankfein

“Unless we are holding ourselves accountable day in, day out, not just when there's a crisis for folks who have power and influence and can hire lobbyists, but for the nurse, the teacher, the police officer, who, frankly, at the end of each month, they've got a little financial crisis going on. They're having to take out extra debt just to make their mortgage payments. We haven't been paying attention to them. And if you look at our tax policies in America, it's a classic example.”

Attention Teacher Influence Policy Taxes Police Crisis Financial Pay Attention Classic Extras Nurse Mortgage Police Officer Financial Crisis

Author:Barack Obama

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