#recess

In China anything less than 6% growth is a recession meaning that it also causes financial problems and it's disruptive and it's a problem. ↗

— Ray Dalio

#anything #causes #china #disruptive #financial

Over the last decade, economists seemed to share a broad consensus about economic policy, with the old splits between monetarists and Keynesians apparently being settled by events. But the Great Recession of the last two years has changed everything. ↗

— Gavyn Davies

#apparently #being #between #broad #changed

For years, we've grown dependant on American consumers as the world's spenders of last resort. They've kept Europe out of recession, allowed China to industrialise, and prevented global deflation. But at the same time, they've not been looking after their own futures. ↗

— Evan Davis

#allowed #american #american consumers #been #china

It's a recession when your neighbor loses his job; it's a depression when you lose yours. ↗

— Harry S. Truman

#his #job #lose #loses #neighbor

The existence of an area of free land, its continuous recession, and the advance of American settlement, explain American development. ↗

— Frederick Jackson Turner

#american #area #continuous #development #existence

The unhappy irony is that, while 'Glee' is hitting the heights, school arts funding is being slashed across the country due to the steep recession and declining tax revenues. ↗

— James Wolcott

#arts #being #country #declining #due

Street protests in Saudi Arabia might warm our hearts, but they could easily lead to $250 a barrel oil and a global recession. ↗

— Fareed Zakaria

#barrel #could #easily #global #hearts

Housing was ground zero for the Great Recession. Between early 2006 and Obama's inauguration in 2009, average house prices fell by a third across the country. In certain areas, including cities as diverse as Akron, Orlando and Las Vegas, house prices fell by more than half. ↗

— Mark Zandi

#akron #areas #average #between #certain

It has become fashionable to rail against government intervention in the economy, and the FHA is a favorite example by those trying to show the government's overreach. In reality, the FHA shows how government action during the Great Recession forestalled a much worse economic fate. ↗

— Mark Zandi

#against #become #during #economic #economy

The extension and expansion of the payroll tax holidays for workers would be number one on my list and key to avoiding recession. ↗

— Mark Zandi

#expansion #extension #holidays #key #list