Michael Gove Quotes

There's a loss of faith in the banking system that for so long has been the backbone of prosperity and growth.

Obama's economic policies obviously have not worked, and have left the American market place with enormous uncertainty and anxiety.

The economic repercussions of a stock market crash depend less on the severity of the crash itself than on the response of economic policymakers, particularly central bankers.

If we leave the European Union it's a risk to our economy - it's a risk to pensioners, it's a risk to homeowners, it's a risk to people in work.

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.

The experience of the '90s, whether it's the '94 peso crisis or the '97 crisis in Asia, the '98 crisis, even the 2001 crisis, is that we recovered pretty readily. There wasn't great consequence.

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

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

The lack of a consistent policy from major economies is the main source of volatility.

The financial crisis and the Great Recession left firms with excess capacity, reducing incentives to invest. If businesses expect slower growth to continue, that will also hold down investment.

The bull market, rising prices, earning lots of money, make it seem as if the good days will never end. When prices are falling and there is a recession, that also feels as though it will last for ever. Politics is the same. People simply can't imagine changing circumstances.

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 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.

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

The stress on the financial system in the fall of 2007 was significant, but not so significant as to threaten the overall stability of the U.S. economy, although it did lead to the beginning of a recession at the end of 2007.

Developments in financial markets can have broad economic effects felt by many outside the markets.

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

I don't know what a credit bubble means. I don't even know what a bubble means. These words have become popular. I don't think they have any meaning.

What would a loss of confidence in the dollar actually look like? Gold going absolutely nuts.

This economy is on life support.

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

The global economic outlook remains fragile and uncertain. Global economic imbalances persist and we must address them or risk future instability.

Financial crises are an unfortunate but necessary consequence of modern capitalism.

But despite historic levels of obstruction, President Obama was able to bring the economy back from the verge of a second Great Depression.

The Federal Reserve - all of them - could be sitting on a barrel of dynamite, and then pouring gasoline on top of it, and then light a cigar with matches, throw the match into the gasoline, and then not notice that there is any danger.