Sanjaya Baru Quotes

Booms are great while they last but they don’t last forever.

Listen, I wish economic growth only went in one direction. It doesn't. There are economic downturns. They're painful, they're harmful, and they hurt families.

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.

Progress" unstabilizes the economic world, or that it is by virtue of its mechanism a cyclical process.

Expansions do not die of old age. The probability of recession in the following year is the same for a three-year-old expansion as it is for a five- or six-year-old expansion.

The term 'business cycle' is imprecise. Economic fluctuations affect everyone, not just businesses, and they are, unlike astral cycles, anything but regular.

The markets don't like instability and they don't like uncertainty.

One of the most constant aspects of American life is change - and nowhere is it more evident than in our financial markets.

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.

Banking is a very treacherous business because you don't realize it is risky until it is too late. It is like calm waters that deliver huge storms.

As discomfiting as it is to both market optimists and policy activists, a certain amount of instability is inherent to the economy.

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

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

No one can forecast the economy with certainty.

Iraq is short on capital, short on electricity, and short on management expertise, but it does not lack economic enthusiasm.

As sure as the spring will follow the winter, prosperity and economic growth will follow recession.

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.

In markets, you have rich years, and you have less rich years.

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.

Markets are frequently ahead of, and often out of sync with, the economy.

I really believe that you cannot use the stock market as a proxy for the economy.

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.

No President has yet repealed the business cycle.

Experience shows that a recession is never the result of just a few large industries dragging the economy down while the others continue to expand.

Aggression at a time when the economy was growing at substantial rates and the retail lending as an industry was growing at a substantial rate was an appropriate aggression. Caution at a time when the economic environment is so uncertain is an appropriate caution.