Jim Cantalupo Quotes

I don't think anybody has any idea what the economic impact of Brexit will be.

The stock market crash in October 1929 didn't destroy a particularly large amount of wealth or make people highly pessimistic. Rather, it made companies and consumers very unsure about future income, and so led them to stop spending as they waited for more information.

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.

Stocks in the United States plunged in 2002 amid fears of war and terrorism, a weak economy, rising oil prices and dozens of corporate scandals. It was the third consecutive annual decline, the first time that has happened in 60 years.

It was always tough, but today we are in the throes of something we have never seen in our history. It's clear in recent times the market is looking for a bottom.

I think the IMF helped to detonate the Indonesian crisis.

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

First of all, every new company today is being built in the face of massive economic headwinds, making the challenge far greater than it was in the relatively benign '90s.

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.

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

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

Everyone would like the world always to be in bubble times. But that doesn't happen.

Shaking the confidence in the American economy. This will lead investors to refrain from investing in America or participating in American companies, thus accelerating the fall of the American economy.

A United States collapse would be much different than a Greece collapse. Greece can collapse, and there's a ripple. We collapse, and the world feels it.

Emerging market economies have long grappled with the challenges posed by large and volatile cross-border capital flows.

We have been dealt a very weak hand by the financial market meltdown, bailouts, and recession. We can't act like it's a strong one.

Drying up of capital has different consequences in different environments.

2005 is highly likely to be a more challenging environment, both for policymakers and investors.

The attacks on Sept. 11 really sent a shock wave through our economy, and the full reverberation of that is not yet known.

COVID-19 has upended our economy.

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.

The financial crisis revealed important weaknesses in many areas of our financial system.

The consumer is going through a period around the world of uncertainty - whether geopolitical uncertainty, economic uncertainty - and that makes them a little nervous as well.

Well, 2009 was a tough year.