J. P. Morgan Quotes

An attack on the scale of Sept. 11 would rock the markets and the economy.

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.

The financial crisis that began in the summer of 2007 was an extraordinarily complex event with multiple causes.

The Depression has caused an emergency more serious than war.

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

To be sure, booms and busts will come and go. But their severity can vary dramatically based on the policies in place to prevent them. With stronger regulations, neither the housing and derivatives bubbles nor the eventual crash would have been so bad.

Nasty financial crises tend to be even worse political ones.

Financial crises are like fireworks: they illuminate the sky even as they go pop.

If you had asked people in 1929, 'Here is what is about to happen. How much would you pay to avoid the Great Depression from occurring?' The answer is they would have paid a lot. They would have borrowed money if it could be used to prevent the Great Depression.

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.

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.

In September 2008, the overleveraged and undermanaged U.S. banking system suffered a terrifying collapse. And that, in turn, nearly took the whole country down.

Commercial distress in any great business center will the more surely create widespread disaster.

For those of us in the financial world, Black Friday has a strong negative connotation, referring to a stock market catastrophe.

Turkey is widely envied while there are very serious troubles in the world economy.

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

What we know about the global financial crisis is that we don't know very much.

Not every financial company toppled during the 2008 crisis, and some seized the opportunity to take advantage of weaker competitors in the midst of the tumult.

Europe is on an economic collision course with reality.

The upward economic movement in America has undoubtedly reached its end – the crisis has come.

The Medium of Exchange, the only thing which gives life to Business, Employs the Poor, Feeds the Hungry, and Cloaths the Naked, is so Exhausted; that in a little time we shall not have wherewith to Buy our Daily Bread, much less to pay our Debts or Taxes

The economy cannot be run in an institutional, juridical, or political vacuum: the state has its role to play, guaranteeing personal freedom, a stable currency, and efficient public services

Nothing would assure a recession more than a significant drop in housing prices.

There is one iron law of history. When a country’s economy starts to decline, if it continues to decline, it will lose its greatness.