James Buchan Quotes

It doesn't matter if you call it a boom or a bubble. The startup business moves in cycles, and what goes up will eventually come down.

We have depressions about every 10-20 years—just long enough for the current generation to forget the last depression.

When times were good, we made more money. When times are bad, we make less money.

You know, oil prices from 2007, on the strength of a very robust global economy and a very robust emerging China, many of you will recall, ramped up to near $150 a barrel. Then we had the financial - U.S. financial collapse. Oil prices collapsed all the way down to $40 a barrel.

Remember that history always repeats itself. Every great bubble in history has broken. There are no exceptions.

It's a tough marketplace right now... It is very compressed... A turnaround is likely to happen quicker than before.

Between 1857 and 1929, while regulators largely stood idle, the American economy swung through 19 national boom-and-bust gyrations that sometimes threatened to wipe out whole industries within months.

History is fickle. We know that. The good and bad come around and go around, and go around again. There are recessions and depressions and economic boom and bust.

Rarely in modern times has there been such a revolution in commercial sentiment as occurred in 2008, or such a display in government and business of panic and helplessness.

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.

At some point, there will be some other financial crisis. It's in the nature of a capitalist system.

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.

If the economy is bad, I might be bringing a lot of things in, but it's difficult to sell, and the opposite when the economy is good.

Boom and bust is a term that applied to the Conservative years and two of the worst recessions in history.

There will always be a business cycle, and white-collar workers will get hit in the next recession like they always do in recessions.

In falling markets, there is nothing that has not happened before. The bear or pessimist sees only the past, which imprisons the wretched financial soul in eternal circles of boom and bust and boom again.

After 1929, so many people had been traumatized by the stock market crash that there was a lost generation.

What we need to understand is, one, that there are market failures; and two, that there are things like asset bubbles and irrational exuberance. There are periods of booms, bubbles, and manias. These things, if left to themselves, can lead to crashes, to busts, to panics.

I was born in 1928 and by 1931 the Depression was beginning to mount.

Not every business cycle has a financial crisis. Frequently they do.

By the late 1980s people realized that houses did not always appreciate and that they could fluctuate like any other market commodity.

You could argue that Barack Obama faced in '08 a situation as bad as any president since the Great Depression. What Obama inherited from the Bush administration, we all remember, was just an absolute global catastrophe.

As a general rule, durable-goods production tends to be the most volatile sector of the economy. Since people usually have a stock of durables in use, when times get tight, they put off new purchases. What seem like small cutbacks to the end buyer translate into big swings for the producer.

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.

The main cause of trade depressions is over-production that is that want is produced by a glut of commodities. The working classes create during the period when trade is brisk more goods than are required for the market; they thereby forge their own chains, since a reaction ensues, with the result that millions are thrown out of work are deprived of the necessaries of life.