“The entire economy, of course, is locked in a down cycle right now. Last time we weathered this was during another Bush presidency in '90. We were locked in it for a year and a half and everyone came out of it.” YearsLastsCoursesHalfEconomyRight NowCyclesLockedLast TimePresidencyWeathered Author:David Talbot
“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.” EconomyPeriodsCyclesAssetsRecessions Author:Stephen A. Schwarzman
“The president has very little effect on the economy. If you want to put blame or credit, the main person who influences the business cycle is the head of the Federal Reserve Bank.” IfsWantLittlesPersonsPresidentEconomyInfluenceEffectsBlameCreditCyclesReservesFederal Reserve Author:Robert Fogel