Hilary Benn Quotes

By March '87 we're down to seven thousand, by the end of the year we're down to twelve hundred. The whole bottom just fell out of the market. It was bad for me because I was in Australia at the time.

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.

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.

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

We are inheriting the worst financial system since the Depression. We're inheriting a situation - when people go back and study major banking crises a quarter century from now, the one that America developed in 2007 and 2008 is going to be one of those crises.

I think we're going to have some difficulty in front of us. I have absolutely no doubt the next three, four years Europe are going to be at best stagnation. We are preparing for tough times.

We now have the worst of both worlds – not just inflation on the one side or stagnation on the other side, but both of them together. We have sort of “stagflation” situation.

I have 13 bankers in my office, and they say that if you go forward with this you will cause the worst financial crisis since World War II.

Your friends, through economic mismanagement (see Greece), can harm you faster than your enemies. And your rivals falling (see Russia and China) can be more dangerous than your rivals rising. If Russia, an economy spanning nine time zones, goes into recession and cannot pay foreign lenders with its lower oil revenues — and all this leads to political turmoil and defaults to Western banks — that crash will be felt globally

I am not responsible for the financial crisis, I hate to tell you.

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.

The European economy is collapsing! The trans-Atlantic region is a disaster area in terms of economy.

Everybody is in trouble, including the up-and-coming economic miracles of China, Brazil or India.

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

What happened is we went into a recession beginning in December of 2007 that was the worst since 1929. And it is a very deep hole that we have been struggling to get out of.

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

Sometimes, the aftermath is more devastating than the storm. That is the story of the 2008 financial crisis. It was disastrous at the time, but what has been worse is how long it has lingered.

With every year that passes, the more we have to be careful not to forget the causes and consequences of the Great Recession.

As far as I can find, almost no one in the profession - not even luminaries like John Maynard Keynes, Friedrich Hayek, or Irving Fisher - made public statements anticipating the Great Depression.

Top-rank global corporations are collapsing. That could happen sometime, and somehow even to Samsung.

Going through economic hard times is something I know firsthand.

My father's money vanished in the Great Depression, and he had trouble keeping a job.

You would hear stories of people that lost their houses. I remember people who had their whole lives turned upside down. I think people did learn lessons from the '80s.

The Great Recession rocked the foundation of every financial institution, including Johnson Bank. We were struggling, and it was happening under my watch.