#recess

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

The FHA's success provides strong evidence that government can and should play a role in the nation's mortgage finance system. It also demonstrates that although government intervention in the economy during the Great Recession was messy, things would have been a lot messier without it. ↗

— Mark Zandi

#although #been #demonstrates #during #economy

There are different flavors of recession. You can get into some pretty dark scenarios pretty quickly. ↗

— Mark Zandi

#different #flavors #get #into #pretty

Too-easy credit and millions of bad loans made during the U.S. housing bubble paved the way for the financial calamity and Great Recession that followed. Today, by contrast, credit is too tight. Mortgage loans are particularly hard to get, creating a problem for the housing market and the broader economy. ↗

— Mark Zandi

#broader #bubble #calamity #contrast #creating

In the middle of a recession no tax increase is justified because it kills jobs, and any tax increase is a job-killing measure and should be defeated. ↗

— Newt Gingrich

#because #defeated #increase #job-killing #jobs

We're still in a recession. We're not gonna be out of it for a while, but we will get out. ↗

— Warren Buffett

#gonna #out #recession #still #while

We escaped the last big bursting of a bubble - the dotcom bubble - with a relatively light U.S. recession. On that occasion, the world economy found its way back on track fairly quickly. ↗

— Evan Davis

#big #bubble #bursting #economy #escaped

The other thing is quality of life; if you have a place where you can go and have a picnic with your family, it doesn't matter if it's a recession or not, you can include that in your quality of life. ↗

— Jim Fowler

#go #include #life #matter #other