Michael Rapino Quotes

Going into 2010, we didn't expect the consumer pullback that happened. We all thought that the theory that concerts are recession-proof was true.

Consumer spending is now plunging at serious-recession rate ... even if the rescue now in train succeeds in unfreezing credit markets, the real economy has immense downward momentum. In addition to financial rescues, we need major stimulus programs.

I used to boast that Whole Foods was sort of recession-proof. And obviously I've been proven wrong. So I'm not boasting about that any longer.

Even if consumer confidence hit rock bottom, that most likely would not be enough, by itself, to cause a depression.

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

We don't sit down and go, 'People are uneasy about the economy. Let's write about that.'

Clearly, high energy prices will have a large negative effect on the California economy and could possibly drag the rest of the nation into a recession.

Loving relatives and home-cooked meals are solid levees against a recession.

In a recession, people want to be told for two hours that everything is going to be OK. They want to escape from their humdrum or painful reality into a feel-good drama, or a love story that transcends their daily life.

Recession-resistant development produces things people need. Unsustainable growth churns out tinsel products that consumers have to be seduced into buying - until times get tough, when they quickly give them up.

The impact of the downturn is starting to feel very real. House prices and the housing market have been taking the knock for some time and that's affecting people.

If you or me go to the gas station to fill up our car and it costs us much more than we expected, it will zap our discretionary income. We won't have the extra money to buy that washing machine or new winter coat-all big ticket items that are important to economic growth.

Canadians know that the promise of a recession didn't happen because of anything we did here. If you look at all the causes of the recession, problems in mortgage markets, the problems in the banking sector, the problems in government finance in countries like Greece, none of those problems were in present Canada.

A product is usually created to improve people's lives; otherwise, why buy it? I'm no genius, but I am an American, and gosh-darnit, I consume, so I know what I'm talking about.

I would be the last person to argue that people do not have the right, if they want to commit to spend part of their rent, for either alcohol or tobacco or entertainment, or anything else.

No sane political figure is going to say a kind word for recession--but the universally avoided truth is that there is at present no better way to increase productivity in plants, to turn impulse buyers into careful shoppers at supermarkets, and to seriously cut into rising living costs.

Nothing would assure a recession more than a significant drop in housing prices.

When the economy is bad, the economy is the only issue.

As homeowners see the value of their homes decline, they become more likely to delay purchases of the big items - like automobiles, electronics and home appliances - that are ballasts of the American economy. When those purchases decline, large manufacturing firms, suddenly short on funds, could begin laying off employees.

The only thing that doesn't drop in a down market is entertainment money.

This is the paradox of thrift: belt-tightening causes people to lose their jobs, because other people are not buying what they produce, so their debt burden rises rather than falls.

If you think about a business where uncertainty is an anathema, it's around consumer spending, and it's around retail.

Consumption is still going up on Alibaba. This is because when the economy goes down people look online to Alibaba to buy cheaper things.

When the economy is strong, people tend to buy three things from the top of their wish list. But when things are bad, people often buy only the first thing on their list.

The Bank of England's Carney is worried the shock of Britain's vote to leave the E.U. could cause households and businesses to temporarily halt spending, which could stop the economy and even spur a recession.