Luis de Guindos Quotes

Uncertainty is killing this economy.

A perfect storm is in the making: financial uncertainty, economic downturn, government cuts, rising unemployment and a future that looks less clear the more we try to fathom it.

We start this new year in the midst of an economic crisis unlike we have seen in our lifetime.

What we know about the global financial crisis is that we don't know very much.

It's going to be tough because the economy is going to be getting worse for a while. And it might fall off a cliff if this doesn't pass. But nobody will ever know that if it does.

The stock market crash in October 1929 didn't destroy a particularly large amount of wealth or make people highly pessimistic. Rather, it made companies and consumers very unsure about future income, and so led them to stop spending as they waited for more information.

I'm not panicking, and I'm not scared, I've been through the Gulf War, the Asia crisis, and the Russian crisis.

Never before in modern times has so much of the world been simultaneously hit by a confluence of economic and financial turmoil such as we are now living through.

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.

With the danger of war, there is a danger that the economy will go down.

It was always tough, but today we are in the throes of something we have never seen in our history. It's clear in recent times the market is looking for a bottom.

These are challenging times for all Americans. We face the specter of war abroad and a steady stream of bad economic news at home.

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.

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.

Everyone would like the world always to be in bubble times. But that doesn't happen.

There may be a recession in stock prices, but not anything in the nature of a crash..

Some things never change - there will be another crisis, and its impact will be felt by the financial markets.

Markets don't like instability, investors shy away from uncertainty, and consumer confidence goes down in difficult times.

I come from a country in which I experienced economic collapse.

For people worried about the Great Recession and the uncertainty of what is coming next, the characters of 'Mad Men' are good company.

You have to take it seriously that the economy is in crisis.

It's the deleveraging that's going on right now that has caused the credit crisis.

Banks wont even loan each other money, everybody's going broke, and here we are inside here, these people are going to be out on the street selling apples and pencils and they're still going to be buying paintings for this money, so I don't know what's going on in this world.

Of course, speculation will always make a crisis worse. If there is a weak point, it will expose it.

This crisis has the potential to be a lot worse than Lehman Brothers.