#recess

In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497. ↗

— Warren Buffett

#century #conflicts #depression #disgraced #dozen

So, for example, a country was into recession right after I was sworn in, a dot-com bust had taken place. Then the attacks of September the 11th, and then of course the great financial meltdown in the -the fundamental question facing any presidency is how do you deal with the hand you're dealt? ↗

— George W. Bush

#any #attacks #bust #country #course

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

We got into a recession because the global economy went into the recession and we're a big exporting nation. ↗

— Stephen Harper

#big #economy #exporting #global #global economy

The tax relief package enacted in 2001 was central to pulling the economy out of the post 9-11 recession. It's the reason we've got low unemployment and have created more than two million jobs in the last year. ↗

— J. D. Hayworth

#created #economy #enacted #got #jobs

This recession is the deepest in our lifetimes, the deepest since 1929. If you take the people thrown out of work in the 1982 recession, the 1991 recession, the 2001 recession, not only is this bigger, this is bigger than all of those combined. ↗

— Austan Goolsbee

#combined #deepest #lifetimes #only #our