Robert J. Shiller Quotes

The upward economic movement in America has undoubtedly reached its end – the crisis has come.

Wall Street is in trouble because Main Street is broke.

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

No one saw the recession coming.

At many points during our nation's history, there have been times - known in our history textbooks as 'panics' - when adverse conditions affecting the financial and economic sectors of the country have caused individuals to hoard more than they need.

I worry about another leg down in the economies causing social disruption because deleveragings can be very painful - it depends on how they're managed.

America had been a boom-and-bust economy going into the Great Depression - just over and over and over, fortunes were wiped out, ordinary families were crushed under it.

When our economy is not growing, those least able to look after themselves are the first thrown overboard ...

A recession is a period in which you tighten your belt. In a depression, you have no belt to tighten. In a panic you have no pants left to hold up.

The way you create deflation is you create an asset bubble.

The collapse of the housing bubble sent the world spiraling into recession. The collapse of the energy and commodity bubble threatens to be just as damaging.

Depression is the aftermath of credit expansion.

So I analyzed that and decided I didn't want to be the president during a depression greater than the Great Depression, or the beginning of a depression greater than the Great Depression.

Rapid increases in the quantity of money produce inflation. Sharp decreases produce depression.

The Stock Market was down today. Two major businesses declared bankruptcy, consumer spending is at an all time low - in other words, Bush is back on the job.

At the center of every recession is a serious imbalance in the economy and mirrored in the financial system. Think subprime mortgage and the Great Recession, or the technology bubble and the early 2000s recession. There are no such imbalances today.

A recession is when your neighbour has to tighten his belt. A depression is when you have to tighten your own belt. And a panic is when you have no belt to tighten and your pants fall down.

No one saw the recession coming. The UK businesses were solid as a rock, but the issues we had were in Paris, New York and LA. For every pound we were making here we were losing two pounds abroad.

A recession is when your neighbor loses his job. A depression is when you lose yours.

Britain was set to repeat the boom-bust cycle that led to 15 per cent. interest rates for one whole year in the early 1990s.

I tell you, the economy is in bad shape. In fact, the economy is so bad, President Barack Obama's new slogan is 'Spare Change You Can Believe In.'

The patient that's on the floor with the cardiac arrest is not Wall Street. It's the American economy.

Boom and bust is a term that applied to the Conservative years and two of the worst recessions in history.

The economic times we are facing... are arguably the worst they've been in 60 years. And I think it's going to be more profound and long-lasting than people thought.

In 2010 there were a lot of folks who were still out of work. There were a lot of folks who had lost their homes or saw their home values plummet, their 401k's plummet.