Financial Turmoil Quotes

The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War.

Science knows no politics. Are we in this frenzy of [the Depression] economy, brought about by those who control the wealth of this country, seeking to put a barrier on science and research for the paltry sum of $39,113 out of an appropriation of $100,000,000?

The runs started in Thailand after the IMF intervened in such a dramatic way. Then the IMF came to Indonesia.

I'm astonished at how quickly the Great Recession came and went.

A disordered currency is one of the greatest political evils.

The economic crisis has weakened the EU for years.

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

Britain in the 1970s was undoubtedly an economic mess because of the oil price explosion.

We are in a downhill slide, the likes of which we have never seen in our business. And the Japs are in the wings ready to eat us up alive.

Despite Russia's move to raise interest rates this week, the value of the ruble has continued to crash. Russia's economy is so bad, Edward Snowden had to put government secrets on Craigslist.

After 1929, so many people had been traumatized by the stock market crash that there was a lost generation.

We're not just going to see mid-sized banks go under in the next few months, we're going to see a whopper.

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.

I know people are looking at what's happening in Washington and then they also look at events in Europe, in Greece and Portugal and other places and worry about that.

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

September 2001 turned out to be an unusually bad time to sell stocks: By New Year's Day 2002, little more than three months after the post-9/11 low reached on Sept. 21, the S&P 500 had gained close to 20 percent.

I'm not really a political animal but I am rather fascinated by the meltdown of England and America. In the end, it seems as if America might come out of it, but I'm not sure if England is ever going to recover.

The Depression has caused an emergency more serious than war.

This generation and the one to come will not see the end in fact of the Great War, so far as our economic and social problems are concerned…. the Great War broke all business conditions away from their past moorings and left the world's affairs adrift in a stormy sea without compass or rudder.

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.

We need to make clear that the economic crisis has to be matched by a crisis of ideas. That's the problem, right? The economic crisis is not matched by a crisis of ideas. That's where the war is going to be fought.

We do not want financial convulsions.

The situation in Greece just goes from bad to worse. We’ve now got a situation where there was the big suicide a few weeks ago, where a 77-year-old man shot himself in the head outside the Greek Parliament. That was the public face of what’s gone wrong.

Part of the oncoming demise (of New York during its terrible fiscal crisis) is that none of us can simply believe it. We were always the best and the strongest of cities, and our people were vital to the teeth. Knock them down eight times and they would get up with that look in the eye which suggests the fight has barely begun.

Forced to confront a reptile or an international financial crisis, I'll take the reptile every time.