Financial Decline Quotes

The standard of living of the average American has to decline.

Capitalism has always been a failure for the lower classes. It is now beginning to fail for the middle classes.

After joining as a youth trainee at 16 from school, in my first two or three years the club was on a financial downward spiral and there was none of the new sparkling kit and the sparkling conditions that the kids get now.

In the Great Depression, employment and investment were low because labor market institutions and industrial polices changed.

I used to have lots of tigers. I had all sorts of exotic pets when I had some money. Before I was broke, I had everything. Pigeons and vultures, lions, tigers, and bears. I had it all.

I was with top CEOs in 2009, and they were clearly shaken. Top leaders of Wall Street and elsewhere, shaken. The ones at the top did get by because if they are seeing a decline somewhere, there is also growth elsewhere, like in emerging economies.

There will be no repetition of the break yesterday …. I have no fear of another comparable decline.

I live like in the days of Daniel Boone, hauling water by hand. I used to have two Rolls-Royces. Now I got one. It's got four flat tires; the trunk is open, and a rat lives inside it.

The City of London and Wall Street are not going to be great places to be in the next two or three decades. It's going to be the people who produce real goods in charge – the farmers and the miners.

I came from a family of extremely old money, and so by the time I was born, there was really just a trickle of money left.

We think there is a parallel between federal involvement in education and the decline in profit over recent years.

World War II was really unusual, because America was in the Great Depression before. So the war did help the US economy to get securely out of this decline. This time, the war [in Iraq] is bad for the economy in both the short and long run. We could have spent trillions in research or education instead. This would have led to future productivity increases.

People aren't going to throw the kind of money at certain people that they used to.

He is now rising from affluence to poverty.

The central position of finance capital is going to come to an end, and it's going to steadily move to the sides, the margins of our society, transformed from being a master into a servant, a servant to the productive economy and of human needs.

It is more pitiable once to have been rich than not to be rich now.

These days the American dream of home ownership has turned into a nightmare for millions of families. They wake every day to the reality of a horrible decline in the value of the home that has meant so much to them.

Most of the groups I worked with 30 years ago are either dead or dead broke. And it's a shame.

People weren't buying as many records. My record company did not want me. I went through three record companies, went on tour at the wrong time. It destroyed me.

Borders had lousy management and made bad corporate decisions, so its fate is less like a terrible accident than a slow-motion slide into a ditch, but it's hard to be happy about a bookseller's demise.

The end of the decline of the Stock Market will probably not be long, only a few more days at most.

It was fantastic when I came into snooker, when tobacco was throwing lots of money at it, and even when they fell away we thought others would come in because of all the TV exposure. But it didn't happen.

Republics end through luxury; monarchies through poverty.

Money refused loose its brightness.

There's not as much money in Washington as they're used to be!