Edgar Fiedler Quotes

Up until the Depression, recession had a moral character: it was supposed to purge the body economic of the greed and excess that attends a business expansion.

The simple fact of the matter is, as I know everyone in this room knows, that the recession that this country faced when this President took office was the worst since the Great Depression.

No one saw the recession coming.

I don't think it's the end of the world even if we have a recession. We'll pull back out of it again. No big deal.

This economy is on life support.

There will always be a business cycle, and white-collar workers will get hit in the next recession like they always do in recessions.

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

The 2008 economic crisis and Great Recession forced widespread restructuring throughout the U.S. economy - not unlike a company gritting its teeth through a lifesaving bankruptcy.

Listen, I wish economic growth only went in one direction. It doesn't. There are economic downturns. They're painful, they're harmful, and they hurt families.

History is fickle. We know that. The good and bad come around and go around, and go around again. There are recessions and depressions and economic boom and bust.

How much would you pay to avoid a second Depression?

An economic recession—even when it is of long duration—does not necessarily involve a decline in all trades.

Any organisation has to go through at least one depression to see how it survives, and a normal economic cycle takes seven years.

Anytime there's a disruption in the supply chain, any time people cut back on spending, there will be a recession.

The assumption that Washington could and would resolve Lehman Brothers without a bankruptcy, as it had Bear Stearns, was the single biggest mistake in the series of mistakes in 2007 and 2008 that led to the financial panic and the ensuing epidemic of job losses.

We are watching industries crumble, Wall Street firms disappear, unemployment spike, and unprecedented government intervention. And our designated opinion leaders want to know: Is Obama up this week? Is he down? And is his leadership style more like Bill Clinton's, or Abraham Lincoln's?

A recession is when a neighbor loses his job. A depression is when you lose yours. And recovery is when Jimmy Carter loses his.

Alas, in 1929 came the Stock Market crash and everything changed and became worrisome. People started practicing conservatism because of financial losses, myself included.

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

The entire economy, of course, is locked in a down cycle right now. Last time we weathered this was during another Bush presidency in '90. We were locked in it for a year and a half and everyone came out of it.

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?

There are always, of course, job losses of a cyclical nature in a recession.

The euphoria around economic booms often obscures the possibility for a bust, which explains why leaders typically miss the warning signs.

We have some worse scenarios for which we need to prepare as companies. For the moment, we're planning for the worst, and the worst is now, and the car market is down more than 15 percent in France. There is so much uncertainty.

I've lived through periods of illiquidity before. Asset prices come down. The economy slows or even goes into recession. Then the cycle re-starts. We buy at lower prices with less leverage.