#recession

Recession is when your neighbor loses his job. Depression is when you lose yours. And recovery is when Jimmy Carter loses his. ↗

— Ronald Reagan

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#depression #recession #slogan #job

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

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#century #conflicts #depression #disgraced #dozen

Hope sustains life, but misplaced hope prolongs recessions. ↗

— James Grant

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#life #misplaced #prolongs #recessions #sustains