“One argument goes that recessions are good for female artists because when money flies out the window, women are allowed in the house. The other claims that when money ebbs, so do prospects for women.” ArtistHouseFemaleArgumentWindowClaimsRecessionsProspectsFemale Artists Author:Jerry Saltz
“I have concluded that most PhD economists under appraise the power of the common-stock-based "wealth effect," under current extreme conditions... "Wealth effects" involve mathematical puzzles that are not nearly so well worked out as physics theories and never can be... What has happened in Japan over roughly the last ten years has shaken up academic economics, as it obviously should, creating strong worries about recession from "wealth effects" in reverse.” ShouldWellsStrongWealthCommonWorryHappenedConditionsEffectsTheoryCreatingEconomicsCurrentsExtremesPhysicsMathematicalAcademicReversePuzzlesEconomistRecessionsPhdsAppraise Author:Charlie Munger
“In economic terms, health care is a highly successful industry - profitable, growing, and virtually recession-proof - but it's a massive burden on the rest of the economy.” CareTermEconomySuccessfulGrowingEconomicIndustryBurdenProofHealth CareMassiveProfitableRecessions Author:Marcia Angell
“If we face recession, we should not lay off employees; the company should sacrifice a profit. It's management's risk and management's responsibility. Employees are not guilty; why should they suffer?” IfsShouldFacesSufferingResponsibilityCompanyRiskSacrificeManagementLaysProfitGuiltyEmployeeRecessionsNot Guilty Author:Akio Morita
“America cannot afford a rally to restore sanity in the middle of a recession. Did you even consider how many panic-related jobs that might cost us in the fear-industrial complex?” MightJobsAmericaMiddleCostComplexesRelatedSanityPanicRecessions Author:Stephen Colbert
“The Great Recession is not imaginary, and the effects loom large. There was an article in the NYT about the galloping death rate among white men in middle age. Higher than among any other demographic, etc. Mostly death by drugs, alcohol, or suicide. Many of them rural. My feeling is that it's many people who haven't been able to get back into the work force. Reg Morse is an example of the problem.” PeopleMenFeelingsProblemAgeAbleForceWhiteMiddleEffectsHavensExampleHigherDrugSuicideRateAlcoholEtcGet BackArticlesImaginaryWhite ManMiddle AgesRecessionsDemographicsGallopingGreat Recession Author:Rick Moody
“There's never a recession if you work for the government.” IfsGovernmentRecessions Author:Ann Coulter
“The bottom line for Canada is that Kyoto will precipitate a recession that will cause a permanent reduction in employment, income and the size of our economy. And if global warming is going to happen Kyoto will do nothing whatsoever to prevent it or even slow it down. Why are we still considering it?” IfsStillsHappensCausesLinesEconomyBottomSizeIncomeEmploymentPermanentGlobal WarmingCanadaConsideringBottom LineReductionRecessionsKyoto Author:Ross McKitrick
“The US and Europe are committing suicide in different ways. In Europe it's austerity in the midst of recession and that's guaranteed to be a disaster. There's some resistance to that now. In the US, it's essentially off-shoring production and financialization and getting rid of superfluous population through incarceration.” WayDifferentEuropeSuicidePopulationProductionsDisasterResistanceDifferent WaysMidstRecessionsSuperfluousIncarcerationAusterityCommitting Suicide Author:Noam Chomsky
“In Europe there's an dangerous growth of ultra xenophobia which is pretty threatening to any one who remembers the history of Europe... and an attack on the remnants of the welfare state. It's hard to interpret the austerity-in-the-midst-of-recession policy as anything other than attack on the social contract.” HardStatesRememberSocialGrowthDangerousPolicyEuropeWelfareMidstContractsThreateningRecessionsXenophobiaWelfare StateRemnantsAusterityUltrasSocial Contract Author:Noam Chomsky
“I don't really feel McCain. It ain't just because Barack is black; he can make change. Just like Bush equals recession, Barack equals progression.” FeelsBlackBarackProgressionRecessionsMccain Author:Young Jeezy
“I am upset and completely disappointed in the government, the millionaires and billionaires in the U.S. See what's happening to the country? Look at all the health problems, the economy, the recession and crime.” LooksCountryProblemGovernmentEconomyCrimeHappeningsUpsetDisappointedMillionaireBillionaireRecessionsHealth Problems Author:Maharishi Mahesh Yogi
“Earlier this week - this is crazy - the country's first marijuana cafe opened up, which not only sells medical marijuana, but also has a restaurant where customers can eat. In a related story, the recession is over.” FirstsCountryStoriesWeekCrazySellsCustomersMedicalRelatedRestaurantsMarijuanaRecessionsCafesMedical Marijuana Author:Conan O'Brien
“I talked with people starting up in the middle of the recession and employees, and supplies and office space were cheap. As far as companies that are already in existence, many became more creative with how they spent their money. A lot of them stopped wasting money that they didn't know they were wasting after they looked hard at their businesses. Some had to change business models because of the economy. Their market didn't exist or wasn't as big anymore.” PeopleKnowsHardBigsSpaceExistenceCompanyEconomyCreativeMiddleOfficeModelsStartingEmployeeSuppliesRecessionsBusiness ModelsStarting UpOffice SpaceWasting Money Author:JJ Ramberg
“A level of anxiety and tension and outright fear that so many people have felt, not only during the recession but during this slow economic recovery since. This made me very much want to up the conversation about how miracle-minded thinking applies to that area of life.” PeopleThinkingWantMadeFeltLevelsEconomicConversationAnxietyAreasMiracleRecoveryTensionRecessionsEconomic Recovery Author:Marianne Williamson
“If we lose a job, we are easily tempted into thoughts like, "Ain't it awful? There aren't any jobs out there. This is terrible. It'll be awhile before the economy comes back. Even if they're hiring someone, they're not hiring someone my age with my resume." And that's really what causes the crash and burn. The fact is, there are Fortune 500 companies that have been founded during recessions.” IfsHas BeensFactsAgeJobsCausesLosesCompanyEconomyTerribleFortuneAwfulCrashTemptedHiringRecessionsResumes Author:Marianne Williamson
“Sustainability requires that we demand enduring quality. Steve Strong has a slide presentation pointing out that much of Oxford was built 800 years ago. What are we building today that will be here 800 years from now? If something like that emerged from this recession, it would help justify the hardship so many people are currently experiencing.” PeopleIfsYearsHelpingTodayStrongQualityBuildingDemandBuiltYears AgoEndureJustifyHardshipSustainabilityPointingSlidesPresentationRecessionsOxford Author:Denis Hayes
“The trade unions in the UK are campaigning around zero-hours contracts, which isn't about feminism, but it's a feminist issue. Women are affected by zero-hours contracts, and the recession has and is affecting women more than men.” MenHoursIssuesFeminismTradeUnionsFeministAffectedZeroContractsRecessionsCampaigningTrade Unions Author:Rachel Holmes
“What most Americans mean when they say "the end of the recession" is, "When will it be back to normal? When can we get jobs? When will the employment rate be back to 4 percent or 5 percent?"” MeanEndsJobsNormalPercentRateEmploymentRecessions Author:Joseph Stiglitz
“The United State has a net worth against which our debt is a joke ... we wrote in 2008 the United States is going to come out of this recession fast. The Europeans are going to fragment. The Chinese are going to be cremated. Why could we come out of it? Why has all economic theory been proven wrong? Because we're rich and we could afford it.” StatesUnitedUnited StatesRichEconomicTheoryJokesDebtChineseProvenFragmentsRecessionsNet WorthEconomic TheoryProven Wrong Author:George Friedman
“These people in the establishment have been telling us they're the ones to fix everything and everything they've tried to fix, they've botched - TARP, the recession fix such as the stimulus bill. Look at the college - college education is an impediment because of how much it costs. A college education is no longer a step up.” PeopleLooksHas BeensStepsCollegeCostBillsEstablishmentStimulusRecessionsStep UpImpedimentsCollege EducationTarp Author:Rush Limbaugh
“I think the great majority of Republicans, mainstream Republicans from across the country, don't want to see Donald Trump as president of the United States either. They're concerned they'd see a recession and I think they are also concerned we'd see a more dangerous world.” ThinkingWorldWantCountryStatesPresidentUnitedUnited StatesDangerousTrumpRepublicanConcernedMajorityMainstreamRecessionsDangerous World Author:Mitt Romney
“I wouldn't like Greece to stay recession. I do think that everything has to be undertaken to reconnect with growth.” ThinkingGrowthGreeceRecessions Author:Jean-Claude Juncker
“What I do believe absolutely is that in the middle of a recession, the American middle class and working class needs a tax relief.” NeedsBelieveClassMiddleTaxesReliefMiddle ClassWorking ClassRecessions Author:Bernie Sanders
“How is it having more control if we have a recession as the Bank of England and IFS say?” IfsEnglandRecessions Author:Sadiq Khan
“We spent $100 billion on education, saving the education system 300,000 teachers who were laid off because of the recession. We also put tens of thousands of lower income kids in college through Pell grants which has fundamentally all their opportunity. We did the same thing with regard to what we did on transportation. So we weren't just trying to - we knew we had to do something big to keep us from going over the cliff into a depression and pull us out of hole.” TryingBigsKidsOpportunityTeacherCollegeRegardBillionsHolesIncomeSavingHaving FunGrantsCliffsTransportationRecessionsEducation SystemLaid OffPell Grants Author:Joe Biden
“I believe strongly that we need a finance industry that is good for the economy, and I don't think anybody would argue that during the eight years leading up to the Great Recession, a lot of bets were made [and] risks taken that weren't good for the economy.” ThinkingNeedsYearsBelieveMadeI BelieveEconomyTakenRiskIndustryEightArguingFinanceRecessionsGreat Recession Author:Hillary Clinton
“Even when [Federal Reserve Chairman Ben] Bernanke said the recession was over ... you think that would have been a bigger boom somewhere, but it seems we just take everything in stride.” ThinkingHas BeensSaidSeemsBiggerOver YouReservesChairmanRecessionsStrideFederal Reserve Author:Bill Maher
“The fact is, there are Fortune 500 companies that have been founded during recessions.” Has BeensFactsCompanyFortuneRecessions Author:Marianne Williamson
“Many Americans are feeling, you know, shut out, shut down, the great recession hasn't ended for too many Americans, wages are flat, families are struggling, not enough new jobs, or new businesses are being created, and it's important that we all try to figure out what we're going to do, and that's what I've done my entire life, fighting for a higher minimum wage, or family leave, now paid family leave which I believe in, equal pay for equal work.” KnowsTryingBelieveImportantDoneEnoughFeelingsJobsFightingI BelievePayStruggleFiguresHigherEqualPaidI Believe InFlatsMinimumWagesRecessionsMinimum WageNew JobEqual PayNew BusinessGreat Recession Author:Hillary Clinton
“In an economic recession, naturally, when you ask people to list their priorities, they're going to place a higher priority on the immediate economic situation.” PeopleAsksSituationEconomicHigherListsPrioritiesRecessionsEconomic Recession Author:Al Gore
“If the question is, how do we best produce business people who can succeed in the post-Great Recession era, then I think the MBA programs and their connection to large companies remains intact but it's not the path to a "Business Brilliant" life. It's a path to a middle-class existence marked by large stretches of security and comfort with occasional eruptions that you're probably ill-prepared to handle. Do I sound too cynical?” PeopleIfsThinkingSoundExistenceCompanyClassPathMiddleSecurityProduceComfortSucceedProgramConnectionsRemainsPreparedIllBrilliantHandleErasPostsMiddle ClassCynicalOccasionalRecessionsEruptionMbaLarge CompaniesGreat RecessionMba Programs Author:Lewis Schiff
“We have a very robust set of plans. And people have looked at both of our plans, have concluded that mine would create 10 million jobs and yours [Donald Trump] would lose us 3.5 million jobs, and explode the debt which would have a recession.” PeopleJobsLosesMillionsPlansMinesTrumpDebtRecessionsRobust Author:Hillary Clinton
“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.” YearsEyeRememberPerfectClassStreetsMiddleWorstPolicyWallTaxesYears AgoCrisisFinancialEightStormMiddle ClassWealthyRecessions1930sFinancial CrisisGreat RecessionPerfect Storm Author:Hillary Clinton
“Independent experts have looked at what I've proposed and looked at what Donald's [Trump] proposed, and basically they've said this, that if his tax plan, which would blow up the debt by over $5 trillion and would in some instances disadvantage middle-class families compared to the wealthy, were to go into effect, we would lose 3.5 million jobs and maybe have another recession.” IfsSaidJobsLosesClassMillionsPlansMiddleEffectsTrumpTaxesIndependentBlowDebtInstanceExpertsMiddle ClassWealthyDisadvantagesRecessionsMiddle Class Family Author:Hillary Clinton
“People think of a business cycle, which is a boom followed by a recession and then automatic stabilizers revive the economy. But this time we can't revive. The reason is that every recovery since 1945 has begun with a higher, and higher level of debt. The debt is so high now, that since 2008 we've been in what I call, debt deflation.” PeopleThinkingReasonLevelsEconomyHigherDebtRecoveryCyclesRecessionsHigher LevelReviveDeflation Author:Michael Hudson
“I think it's been unfortunate, but it's happened, that since the Great Recession, the gains have all gone to the top. And we need to reverse that.” ThinkingNeedsGoneHappenedGainsReverseUnfortunateRecessionsGreat Recession Author:Hillary Clinton
“Donald Trump would send us back into recession with his tax plans that benefit the wealthiest of Americans.” PlansTrumpTaxesBenefitsRecessions Author:Hillary Clinton
“In other words: we can fight pollution and poverty at the same time, with the same method. We can beat global warming and the global recession at the same time, with the same method. We can do this by putting people to work re-powering America with clean energy.” PeopleAmericaFightingEnergyCan DoPovertyBeatsMethodCleanGlobal WarmingPollutionRecessionsClean Energy Author:Van Jones
“Most of the gains in the last years since the Great Recession have gone to the very top. So we are going to have the wealthy pay their fair share. We're going to have corporations make a contribution greater than they are now to America.” YearsLastsAmericaPayGoneGreaterShareGainsFairsCorporationsContributionWealthyLast YearRecessionsFair ShareGreat Recession Author:Hillary Clinton
“I finished VCA at the height of the last big recession in the early 90s, and seeing that I was not going to be able to join one of the dwindling number of commercial galleries, I started an ARI called the Basement Project which ran for three years. Things came a little at a time and all of a sudden it's 20 years later and I'm still making art, which is really all I ever wanted to do.” YearsLittlesArtStillsBigsAbleWantedLastsThreeNumbersSeeingProjectsFinishedRanHeightThree YearsGalleryRecessionsBasements Author:Patricia Piccinini
“We've been in a recession, by any common sense definition, because if you look at the American public, they've got 20 billion - 20 trillion, I should say, worth of residential homes.” IfsShouldLooksHomeCommonDefinitionsBillionsCommon SenseRecessions Author:Warren Buffett
“I think it will get moving faster. I mean once you get it off the - once credit flows - now the recession is going to get worse.” ThinkingMeanMovingFlowCreditFasterRecessionsGet Moving Author:Warren Buffett
“Even though the play [ The Best Man] was written a long time ago, the characters seem modern and their struggles to make ends meet and to "have a little fun along the way" have a very contemporary feel. The similarity between the The Great Depression and The Great Recession - as well as the gulf between the super-rich and the ordinary Joe - still rings a bell. One of the things this production accentuates is how beautifully Grandpa and his family accept all kinds of people - rich or poor, black or white - and the best thing that can happen to you is to be part of a loving family.” PeopleMenWayFeelsWellsKindLittlesLongStillsEndsPlayCharacterSeemsHappensFunBlackWhitePoorAcceptingStruggleRichWrittenModernLong TimeOrdinaryProductionsRingsContemporaryAll KindsBest ThingsBellsLong Time AgoSimilarityRecessionsGreat DepressionGrandpaBlack Or WhiteRich Or PoorAccentuateLoving FamilyGreat Recession Author:Chris Hart
“We haven't had a recession for 25 years in Australia. It's partly because of our trade with China.” YearsHavensTradeChinaAustraliaRecessions Author:Richard Glover
“We haven't had a recession for 25 years in Australia. It's partly because of our trade with China. China's been doing relatively well. So some of the tensions around a low-wage economy haven't quite happened here in the same way as they have in the United States.” WayYearsWellsStatesUnitedUnited StatesEconomyHappenedHavensLowsTradeChinaTensionAustraliaRecessions Author:Richard Glover
“[The immigrant] becomes a kind of insurance policy against the effects of the recession. By blaming him, the pressure valve is regulated in times of crisis ... What we have now is a public mindset of us versus them, and an overall anti-immigrant climate that is both troubling and morally reprehensible.” KindEffectsPolicyPressureCrisisBlameClimateMindsetImmigrantsVersusRecessionsTimes Of CrisisValveInsurance Policy Author:Andrew Lam
“My big "double-aha" moment came while anchoring the national news at CBS News. It was at the height of the recession, and on top of the usual negative stories, my newscasts became full of especially heart wrenching stories of people losing their homes, jobs, and retirement savings. Starting the morning off like that could leave even the most optimistic person feeling helpless and hopeless. The lightning bolt came when we changed how we talked about the negative.” PeopleHeartPersonsMomentsStoriesFeelingsHomeBigsJobsMorningChangedNewsLosingNegativeStartingOptimisticSavingHeightHopelessRetirementUsualLightningHelplessSavingsRecessionsBoltsHeart WrenchingLightning BoltsOptimistic PersonAha Moment Author:Michelle Gielan
“The greatest gift that Michelle and I have received over the last eight years has been the honor of serving as your President and First Lady. Together, we fought our way back from the worst recession in 80 years, and got unemployment to a nine-year low.” WayYearsFirstsHas BeensTogetherLastsPresidentWorstHonorLowsEightNineServingUnemploymentGreatest GiftsRecessionsNine YearsFirst Lady Author:Barack Obama
“Did I recognize that there was anger or frustration in the American population? Of course I did. First of all, we had to fight back from the worst recession since the Great Depression, and I can guarantee you if your housing values have crashed and you've lost most of your pension and you've lost your job, you're going to be pretty angry.” IfsFirstsI CanJobsValuesFightingCoursesLostWorstAngryPopulationGuaranteesFrustrationHousingRecessionsGreat DepressionPension Author:Barack Obama