It's a recession when your neighbor loses his job; it's a depression when you lose yours.
Harry S Truman
146 quotes about recession follow in order of popularity. Be sure to bookmark and share your favorites!
If spending numbers looked like sentiment numbers, we'd be back in recession, ... The good news is that consumers are complaining, but they're spending.
Robert Barbera
We got record earnings growth beginning in 2002 after one of the biggest bubble collapses in history in 2000. Just wait until the next recession when earnings growth turns negative again, and people will understand that earnings don't always grow 15 [percent] to 20 percent.
James Stack
We hear a lot of about the impending economic recession, but that does not imply an ad recession. In the last 20 economic downturns, only in one year has there been a decline, and that was 1.3 percent. So the doomsayers might be wrong again if we do have a downturn.
Lowry Mays
Things will continue to deteriorate this year for earnings, ... Things are getting worse and they're likely to continue doing so. There's a chance we could have a recession in 1999.
Charles Hill
Historically, spikes in energy prices are followed by a recession. The possibility (of a recession) is there; the probability is less than 50 percent, but it's there.
Ross Gittell
As the prospects of a full-blown oil shock rise, the prospects of outright global recession in 2005 loom more and more likely.
Stephen Roach
It can be a growth story, but if you're experiencing a recession, it's still going to be the best performer.
Ariane Mahler
If we had 70.0 dollars per barrel on oil prices in the midst of a recession, I would be very worried, but 70.0 dollars when the world economy is growing at over 4.0 percent is not such a big worry.
Julian Jessop
There are times when the economy is quite vulnerable, so a gentle push (from oil) can tip the economy into actual recession.
Anirvan Banerji
It's very hard to describe an economy with the lowest unemployment rate in the world as in recession.
Craig Ebert
The stress on household finances in coming weeks will be the greatest since the last recession in 2001.
Bernard Baumohl
If consumer spending falls, the probability of the economy slipping back into recession is very high.
Scott Hoyt
We've got deteriorating economic fundamentals still. We're probably in a mild recession, but the question is will the consumer keep buying and will the investor keep buying stocks.
Jim Melcher
The economy's been very good to the industry, which has caused profits to go up, ... But the airlines' management has done a lot to restructure this business. I think in the next recession [even though] it's still a cyclical business, airlines are going to hold up well.
Raymond Neidl
I don't think there's any cliff you suddenly walk off. I'm not going to worry about a recession until we get up to $100 a barrel.
David Wyss
It could be an economic recovery and a profits recession.
David Bowers
The economic fundamentals consistent with what's being priced into the government bond market is an economy that's on the brink of recession.
William Prophet
In 1993 we had an economy coming out of recession, we had unsustainable budget deficits in the projections and we had a budget package which people were afraid would dampen the recovery -- but it didn't. It had the opposite effect.
Max Sawicky
This data reinforces the likelihood of a jobless economic recovery and not that of a double-dip recession. It also makes it marginally more likely the Federal Reserve will change its stance on monetary policy to an easing bias.
Matthew Wickens
We are headed for a Katrina-induced soft patch, but I would not interpret this as the early warning of a recession.
Nariman Behravesh
To apply the Western standard of recession is not appropriate in Japan.
Yasushi Okada
It's a very long expansion period we've been in, but sooner or later there will be a recession. Hopefully it will be a mild one, but sooner or later there will be a slowdown. Something is going to happen.
John Sargent
Growth is expected to slow further, with a recession possible.
Robin Clements
[The new prediction will be considerably lower,] possibly in the range of 3.5 percent, ... we are a long way from a global recession.
Stanley Fischer
Even during the recession we were bringing in people from overseas to fill niche positions. If you take that option away, companies will just move out of Hong Kong.
Dan Chavasse
When you're in a boom period, people are making money. When you're in a recession, you can generalize people aren't.
James Buchen
We've been recession proof, which is nice. There has never been in a slump at the Cartoon Bank.
Bob Mankoff
The current manufacturing recession that began in the latter half of 2000 is chiefly due to the combined effects of excessively high interest rates, high energy prices, the over-valued dollar and increased regulatory and legal costs.
Jerry Jasinowski
Clearly, as a betting man, I would have to say the probability of a recession has gone up significantly.
Sung Won Sohn
I don't think we're going to have a recession.
Hank Fishkind
If it hadn't been for the mining boom, Australia might be in a recession now.
Tony Pearson
The numbers that we are seeing today are consistent with those we saw in the last recession.
Heather Boushey
Some day I wouldn't be surprised if we go back and take a look at this whole episode and really question whether or not we really had a recession.
Charles Lieberman
Having that backlog helped IBM through the worst part of the recession.
Joseph Beaulieu
There was an auto industry correction and a high tech inventory correction, and if we can get through that without tipping the economy into a recession then we can get through this.
James Annable
There are going to be a lot of pressures, obviously. But the time to build up the reserves is the good times; if we don't do it now, we're going to be in big trouble in the next recession.
Alan Essig
The data nonetheless shows the U.S. manufacturing sector is in recession and that the ISM could fall further if the war is prolonged beyond April.
Kevin Grice
There was a recession, and there's been recovery, but not everybody was pulled along.
Paola Maranan
My own concern is does the consumer give out and drag down the economy in 2006? The corporate sector is well into a recovery, but the consumer never had a recession.
Jeff Harte
Historically, every time we see energy prices spike, the country goes into a recession.
Tim Hamilton
Both were in recession last year and the recoveries there have not been particularly strong yet.
Tim Condon
This raises the risk that we could turn over into a consumer-led recession sometime next year.
Kurt J. Wolfgruber
Considering that we began this fiscal year impacted by a national recession and the tragedies of Sept. 11, fiscal 2002 has certainly exceeded our expectations.,
Robert Toll
You have to bear in mind that the chip sector was the first industry into a recession and its not unreasonable to believe it would be first to come out. When it comes out of a recession it should herald a recovery for the technology sector but chip inventories are critical.
Peter Oppenheimer
We're still in a profits recession.
David Sowerby
At the same time, the yield curve is flat and actually has the potential to invert. An inverted yield curve has often been a precursor to a recession occurring within a year.
Harvey Rosenblum
I think monetary policy coming out of the 2001 recession did what it was intended to do, which was cushion the interest-sensitive sectors of the economy, including housing.
Jack Guynn
They're priced as if there's a recession.
James Pizzo
It looks like we will have quarter of a point increases for the rest of our natural lives or the next recession, whichever comes first. The Fed has not shown an ability to engineer a soft landing.
Barry Ritholtz
There is no longer a shadow of doubt that the U.S. economy is downshifting rapidly; the only question is how deep the slowdown goes, ... We do not expect to see recession in 2001, but we certainly expect to see significantly slower growth with continued moderating inflation.
Sherry Cooper
Point to recession in both the manufacturing sector and the general economy.
Philadelphia Fed
We've gone from a psychology a month and a half ago that the economy is growing too quickly, and the Fed is going to have to raise rates, to we're going to go towards a recession because the economy's slowing too quickly. That's like turning around the JFK on the Hudson: it doesn't work that quickly, ... So you get fear coming into the market -- it just changes its nature. The fear was inflation.
Tony Dwyer
We're insulated a little bit from the recession because of our cost structure, but our business is to some extent cyclical, ... With pressure on network TV, rising (interest) rates against inflation and lower, declining audiences, clearly clients are looking at alternatives.
Martin Sorrell
The U.S. government's commitment to continuing to pump out these graduates began to drop off in 1970s. The space race had been won. There was a recession in the late 1960s. The country was hurt by the oil crisis in the early 1970s. And the country had moved away from the attitude of the 1960s that you could solve the world's problems with government spending.
Harris Miller
The U.S. economy appears to be slowing faster than we thought, people are eyeing a recession and, in the heat of the moment, that is causing panic.
Carlos Augusto Levorin
The profit recession is here and people are still uncertain as to when things are going to come back. There's still a lot of nervousness.
Francis Gannon
Consumer spending, which [has] kept the economy afloat, should decline in the third quarter and lead us into a formal, albeit shallow, recession.
Bruce Steinberg
People will be focusing on the 10 o'clock number. The market has shifted to a fear of recession, as implied by inversion of the yield curve, and consumer confidence could go a long way to restoring a more positive view.
Rick Meckler
Current labor market estimates appear to be overstating the share of working Americans by 1.4 percentage points. This corresponds to roughly 3 million fewer people working — almost as big a drop in employment as in a typical recession.
John Schmitt
I get flooded with e-mails from people, and you get a sense of the desperation, ... People have been traumatized by the last 15 years of downsizing and the last few years of recession. Everyone's afraid they'll be next.
Joe Robinson
High oil prices can cause recession. We are not happy with high oil prices.
Purnomo Yusgiantoro
I was working out here during the recession that started in the late 1980s and lasted until about 1995, and it was terrible. But this market today is about as good as it gets.
Steve Ruffner
The existence of an area of free land, its continuous recession, and the advance of American settlement, explain American development.
Frederick Jackson Turner
There's already a lot of stimulus in the pipeline, and there's more to come. So there appears to be an ever-growing amount of fiscal stimulus, which means any recession will be fairly shallow.
Wayne Ayers
The outlook for recovery is fading. We are looking at another possible recession in manufacturing which would not bode well for the overall economy.
Adolf Rosenstock
We're late in the economic cycle. We're slowing down or at least -- I won't say going into recession but we're slowing down -- and we've got some troubles overseas with Asia. These aren't huge ones, but these could slow earnings growth to about 5 percent for the S&P 500.
Gerard Sullivan
That is not to say that long government bonds won't go up in price if the 'system' suffers some elimination, slower growth, or to be frank, a recession in 2006.
Bill Gross
I'm struck, ... Originally I thought that in a recession we could get below 5 percent, but we're not even close to one (a recession.)
Anthony Crescenzi
The September 11 attacks pushed the U.S. economy into a recession that will be mild both in depth and duration.
Harvey Rosenblum
This recession was really an investment bust and a bust in the stock market, so the recovery is going to be very different than in the past.
William Dudley
After the recession ended, and the economy began to recover, conversations ensued about the next step. Because of the national movement around adequacy lawsuits, there were a growing number of conversations about whether such a strategy might be applicable here.
Chip Terhune
Automotive demand carried the market through the recession years but must now cope with a modest downturn in late 2005 and across 2006. Thus, special quality bars will continue to see softer demand from this key market in 2006.
John Anton
The only risk out there is that Alan Greenspan will go one step too far and put us in a recession, ... And it's hard to see what he's doing now as putting us in a recession.
Frank Cappiello
We still believe that the recession will persist through the winter, mainly because major job loss looms ahead in order to restore profit margins.
Bruce Steinberg
The growing perception is that Japan is falling back into a dark hole of recession again.
Carl B. Weinberg
Tucker Anthony's new recession forecast points to lower equipment orders, sales and earnings per share before a possible trough by mid-2001.
Gerald Fleming
There's going to be an element of caution in his testimony. I don't think he's going to be ready to declare that the recession is over.
Michael Moran
Food stocks are viewed as 'classically defensive,' meaning that the earnings hold up well across a dip in the economy, across a recession.
Jaine Mehring
It's hitting in the middle of a rather down period in Japan. Business doesn't believe in the government statements that they've been coming out of the recession.
William Clark
If we have had (a recession) or are almost out of a recession, you can see this light at the end of the tunnel. The opportunity for moves on the upside are pretty high.
Peter Mancuso
We think the economy is in recession, and it looks like October is going to be weaker than September.
Joe Lavorgna
There is still a distinct danger of renewed recession in manufacturing.
David Kern
The housing market has never triggered a recession in the United States.
Michael Spencer
The market has changed significantly and is really buoyant and positive now. Companies like us are generally first into and out of a recession, and we felt the time was right to re-enter the venture activity.
Patrick Pordage
In a recession, people will conclude it's better not to pay the IRS. But you should go out of business before you get behind in payroll taxes. The IRS is extremely aggressive. It will go after your home, your car, your pension - everything.
Paul Hense
This shows manufacturing continues to get deeper into recession.
Sung Won Sohn
The potential for a cyclical downturn in 2008-09 - or sooner if we have a global economic recession - is realistic.
Adam Sieminski
An interest rate reduction will help the real economy. We should not forget that we're in a recession and we need all the help we can get to recover the real economy.
John Dodsworth
President Bush takes the credit for a 'shallow recession,' he denies any responsibility for an even 'more shallow' economic recovery.
Gene Sperling
You've already seen the U.S. export part of its recession out here. What we expect to see over the next couple of years is a lot of companies going out of business.
Jim Walker
The labor force participation rate increased quite a bit right before the recession [in March 2001] and then it plummeted, and it's been pretty flat since 2003. Normally, when there's a recovery, more people start entering the labor force [as] they see opportunities out there ... but we're not really seeing that yet.
Sophia Koropeckyj
The equity market typically positions itself for economic recovery at the approximate mid-point of recession.
Christine Callies
We're looking at a 9 percent correction. But at the end of the day, there's not enough pressure yet to cause a recession, so corporate earnings will continue to come through.
Ronald Hill
That's unsustainable. There is an unpleasant adjustment in our future. We will have to adjust our lifestyles to our means. There will be a sharp recession if not a depression.
Clyde Prestowitz
The buoyancy of both the housing and mortgage markets indicates that the marked slowdown in the world economy and the recession in the UK manufacturing sector have so far had little adverse impact on consumer sentiment.
Martin Ellis
The number of jobs isn't where it was before the recession. It's about 2,000 jobs below the peak.
Scott Bailey
We raise the prospect here that New Zealand has already fallen into a recession.
Brent Layton
At the depths of the '82 recession, Reagan looked like a goner, but the economy came back and so did Reagan's fortunes? He stayed the course. Had he faltered in his policies in '82, we might not have seen as much progress in '83 and '84.
Jack Pitney
I'm not predicting a double-dip recession, but the odds of it have gone up. Instead of 5 percent, there's maybe a 15 or 20 percent chance of it now.
Robert Macintosh
In the past, when we had the tremendous run up in fuel, we also had a recession. Those two things together clobbered the industry. Now the economy is moving ahead, and carriers will have a little more flexibility on the pricing side.
David Swierenga
While market participants are focusing on the recession signal associated with an inverted yield curve, consumers are feeling more confident about the economy heading into 2006.
Michelle Girard
Economic data is currently pointing to a double-dip recession. ... Investors are feeling bullet-proof at the moment but with most professionals away on holiday we expect the selling to begin again by the end of the month.
Anais Faraj
We are not talking about a collapse next year or a recession, but we are predicting a pretty significant fall in prices.
Sean Callow
Our leading indicator - the one that's never lied to us like the politicians - suggests only 23 percent probability of recession over the next 12 months, that's very low.
David Littman
I believe that I am recognized as an expert in these various industries, ... Investing in Vice, The Recession-Proof Portfolio of Booze, Bets, Bombs and Butts.
Dan Ahrens
Consumers, who have kept the economy from drowning during this recession, continued to spend, albeit cautiously, in January and may be leading the way to recovery.
Oscar Gonzalez
We saw the impact of the recession in 2002 and 2003, then saw a smaller decline in 2004. But in 2005, we started to see job increases, and that's a positive sign.
Michele Hiester
We're starting to get little pockets of softness, which causes people to worry about (the Fed) going too far and causing recession.
Chip Hanlon
The market has done well in the year following a recession. We think the recession has ended.
Alan Skrainka
We might get a slight inversion, but I don't think it will mean a recession.
Jim Swanson
Is there any reason to really believe we're going to be in a severe recession, or have a terrible inflation problem? I'd say the answer is no. On that basis, the stock market still looks like a pretty interesting place.
Kevin Bannon
When we were at peace, Democrats wanted to raise taxes. Now there's a war, so Democrats want to raise taxes. When there was a surplus, Democrats wanted to raise taxes. Now that there is a mild recession, Democrats want to raise taxes.
Ann Coulter
At some point in the future, California probably will have another big housing recession. It is possible at that point that prices will fall meaningfully, as in the past they have done. That is clearly a negative for people who own homes. But for those who don't own homes, that will . . . give them a pretty good chance to buy in the next up-cycle.
David Berson
We went into recession in March [2001], and in April we had our first decline in payrolls. Firms responded really quickly to the downturn, and we don't see any reason why they won't respond quickly to the upturn as well.
Melanie Jani
We are in spitting distance of recession, if not already sitting in it.
Brendan O'donovan
On the [jobless] claims, you're now moving into a range that suggests a recession. I don't even know if many of the airline layoffs have hit this number yet, so it's going to up big time.
Carey Leahey
For me these are pretty good numbers, so well done M&S and well done (CEO) Stuart Rose. Their efforts to focus on the core older customer have clearly borne fruit, that's a customer group that is a lot less recession-exposed. They've been on a mission to de-crowd the stores and the advertising has been good, too.
Rebecca Mcclellan
If corporate profits do go down, it's highly likely that we could see the U.S. tumble into a recession.
Debora Spar
I think the market is responding now to a perception of the increased possibility of recession, which I do not see.
Richard Dekaser
I think that we are over the recession. We have positive GDP, employment is stabilizing and the purchasing managing index seems to be going up. It seems like the economy is back on track.
Drew Forbes
We're beginning to come out of a recession. It's now a matter of just how meaningfully the economy can recover over the next quarter or two.
Alan Ackerman
They simply don't want a recession. It's an insurance policy.
James Annable
The (durable goods) numbers show us the slowdown is accelerating more than expected and the jobless growth shows us at a recession-kind of level, which will clearly impact consumer confidence.
Bob Mcintosh
There's no indication that there's a recession or turning point in the Oregon economy.
Tom Potiowsky
In my view, the perils of another burst asset bubble far outweigh the costs of another recession.
Stephen Roach
We don't have a recession with these figures.
Peter Morgan
The economy is not in a recession. This economy had enormous spending imbalances that it had to work out.
James Annable
While the 2001 recession contributed to higher loan losses in 2002, low interest rates and strong consumer demand helped boost earnings to record levels.
Rich Brown
It's really rather worrying that six weeks into the job, he still hasn't figured out the difference. It does suggest there's quite a nasty policy mistake coming our way and quite a nasty recession.
Richard Jerram
(Extended) cash flow declined 12 percent year on year before investments, marking the first time the company has posted lower cash flow since the 1992 recession.
Morgan Stanley
We've been borrowing our way out of the recession, and nothing else has kicked in to take over.
James Parrott
Alan Greenspan (Chairman of the Fed) recently said inflation is very good and so the Fed can afford to continue the powerful relaxation. The guarantee that the economy will avoid recession the second half of the year.
John Shepperd
Over the next six months, we believe there will likely be confirmation that this recession is deeper than that of 1998.
Adam Le Mesurier
A good example is Mexico in the mid 90's. It tried to do a moderate devaluation, but the market didn't accept it. It lost control of the currency, there was a dramatic devaluation, and a subsequent recession -- even a depression in Mexico.
Greg Mastel
This is the nail in the coffin for the recession camp.
Annette Beacher
You need to be diversified because you don't know which sector is going to get hit next. Just realize that nothing is ever that easy and that every recession is different.
Russell Kinnel
Their systems could be so disrupted that they can't go on with business. They can't export, they can't import. It's hard to place a phone call into Brazil. It's hard to get the parts from Taiwan. All that could add up to a global recession that could still impact our economy.
Edward Yardeni
The market seems to have come to the conclusion that the 28 percent operating returns that (Wal-Mart) earned before the 2001 recession are a thing of the past.
Edward Weller
Copyright © 2024 Electric Goat Media. All Rights Reserved.