Aliko Dangote Quotes

The lack of available credit and loans is having a severe impact on small businesses in particular, but also their suppliers and the bigger companies too.

We have some worse scenarios for which we need to prepare as companies. For the moment, we're planning for the worst, and the worst is now, and the car market is down more than 15 percent in France. There is so much uncertainty.

The United States dollar took another pounding on German, French and British exchanges this morning, hitting the lowest point ever known in West Germany.

There are more myths about Black Wednesday than the Greeks ever created.

… failing factories

For a generation accustomed to thinking of the United States as the world's leading industrial power, something was lost when the U.S, became the world's largest debtor.

Europe's younger generation has only experienced austerity.

Flint is a big, industrial city. But when I was growing up, they had the recession, lead in the water, and all this other stuff. The city was really depleted.

The global economy is facing unprecedented challenges with the outbreak of Covid-19. Businesses large and small across our country are also responding to these challenges.

As long as the dollar remains in high esteem as a trade currency, America can continue to spend more than it earns. But when the day arrives - as it certainly must - when the dollar tumbles and foreigners no longer want it, the free ride will be over.

But the fallout from this coronavirus long term is going to be severe and lengthy.

Nine million people - nine million people lost their jobs [in 2008]. Five million people lost their homes. And $13 trillion in family wealth was wiped out.Now, we have come back from that abyss. And it has not been easy.

Republicans don't like people to talk about depressions. You can hardly blame them for that. You remember the old saying: Don't talk about rope in the house where somebody has been hanged.

I guess the best way to describe that would be to connect with the fact that I came out of college just before the big Depression, and I came to New York.

I know of no severe depression, in any country or any time, that was not accompanied by a sharp decline in the stock of money, and equally of no sharp decline in the stock of money that was not accompanied by a severe depression.

A recession is when your neighbour has to tighten his belt. A depression is when you have to tighten your own belt. And a panic is when you have no belt to tighten and your pants fall down.

After the economic 9/11, we will face a new world order.

A global economy requires a global currency.

A default of the US government would not only be very harmful here, it would probably send the country back into deep recession, but it just might crash the international financial system.

My daughter asked me when she came home from school, "What's the financial crisis?" and I said, it's something that happens every five to seven years.

Who passed Wall Street deregulation that enabled the meltdown of Wall Street and the disappearance of nine million jobs, the theft of 5 million homes?

I have had situations in the past when you are close to signing a player and the money involved switches from euros to pounds to dollars. It is a difficult process, but one we have to work with.

No one saw the recession coming. The UK businesses were solid as a rock, but the issues we had were in Paris, New York and LA. For every pound we were making here we were losing two pounds abroad.

The decline is in paper values, not in tangible goods and services...America is now in the eighth year of prosperity as commercially defined. The former great periods of prosperity in America averaged eleven years. On this basis we now have three more years to go before the tailspin.

I think any time you couple the term "Wall Street" with "bailout" or something like that, you know - I don't like what's going on in Wall Street.