Guenther Steiner Quotes

The economic position is only flourishing on the surface. Germany is in fact dancing on a volcano. If the short-term credits are called in, a large section of our economy would collapse.

We are taking a greater chance of having another crash at a time when the world is less capable of bearing the cost.

I think when the bottom started to drop out, we didn't recognize it.

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

We all have people who are literally one life shock away from going into a crisis. For many of us, we have a buffer in one way or another. We have a savings account, or we have credit that we can go to. The underserved don't have that luxury.

Why is no one talking about all the potential savings from a complete economic collapse?

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

I realized it was happening, but most people didn't realize it was happening. I mean, because as a self-employed person, when there is a recession or a cutback in the economy, we feel it first. Because many self-employed people provide services that are nonessential.

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.

In 2008, when the global financial crisis struck, it was a bad year for a lot of developing countries, and it manifested itself in consumer confidence.

Although I was not aware of it at the time, the experience of growing up during the Great Depression was to have a profound impact on my intellectual and professional career.

If the Chinese bubble bursts one day, which inevitably will happen - maybe not tomorrow, maybe in three months, maybe in three years - when it happens, it will have devastating consequences for the global economy.

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

If we don't change, millions of American families are just one medical emergency, or one layoff, away from financial disaster and bankruptcy.

No one saw the recession coming.

I think the IMF helped to detonate the Indonesian crisis.

Uncertainty is killing this economy.

I'd be kidding if I said that I predicted the financial collapse.

Economic and financial crisis are getting much more usual, and they are not confined to a given country but they immediately spread all over the world, and you have to be prepared for that.

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.

It's a recession when your neighbor loses his job; it's a depression when you lose yours.

Imperceptibly, the developed world's manufacturing base was gradually eroding and being replaced by securitized finance that destroyed itself and nearly its economies in 2008.

The once-unthinkable loss of the AAA rating will constitute a further hit to already fragile business and consumer confidence.

There has been a banking crisis, a financial crisis, an economic crisis, a social crisis, a geostrategic crisis and an environmental crisis. That's considerable in a country that's used to being protected.

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.