If oil prices will go too high, it will slow down the world economy and would trigger a global recession.
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 stress on the financial system in the fall of 2007 was significant, but not so significant as to threaten the overall stability of the U.S. economy, although it did lead to the beginning of a recession at the end of 2007.
In the 1990s, the Democratic Party began to cozy up to their long-time enemies: Wall Street Bankers. They took their money and relaxed their regulations until the Great Recession forced the Democrats via Dodd-Frank to re-regulate the banks.
Anytime there’s a disruption in the supply chain, any time people cut back on spending, there will be a recession.
Loving relatives and home-cooked meals are solid levees against a recession.
The recession of the late 1980s was a very visible humiliation. Cities across Britain had become the victims of botched battlefield surgery – surgery that involved the ripping up of factories, the flattening of buildings, and the razing of the Victorian heritage of heavy labour.
Amid all the job losses of the Great Recession, there is one category of worker that the economic disruption has been good for: nonhumans.
The crisis and recession have led to very low interest rates, it is true, but these events have also destroyed jobs, hamstrung economic growth and led to sharp declines in the values of many homes and businesses.
The Global Financial Crisis and Great Recession posed daunting new challenges for central banks around the world and spurred innovations in the design, implementation, and communication of monetary policy.
You do not have to be an economist to know that putting up the cost of employing someone is a pretty barking thing to do when you’re trying to get out of a recession.
I grew up in a council house in a poor Scottish town. I came of age during the recession of the mid-1980s when unemployment in my area reached 40 per cent.
I said we are in a mental recession. We keep getting the steady drumbeat of bad news… it’s become a mental recession. We don’t have measured negative growth. That’s a fact, that’s not a commentary.
Prior to the 2008 recession, many financial institutions were engaging in ‘proprietary lending,’ where a bank would invest funds for its own gain instead of earning revenue through commission by trading on behalf of clients.
I thought I would set the world on fire when I got out of college. I had done quite well in a field that was growing. Unfortunately, we got hit with a recession in 1981.
In the midst of global recession, in the face of uncertainty about what’s going to happen next, film looks for inspiration to real people.
In the last recession, 99 percent of us have lost wealth, but did you know that the top 1 percent increased their wealth five times? It tells you they create recessions so they get wealthier.
We don’t tell New Zealanders we can stop the global recession, because we can’t. What we do tell them is we can use this time to transform the economy to make us stronger so that when the world starts growing again we can be running faster than other countries we compete with.
The last thing you want to do is raise taxes in the middle of the recession because that would just suck up and take more demand out of the economy and put businesses in a further hole.
Folks in the bottom half of the economy are already squeezed hard. They will be bloodied and bankrupt if economic policy inadvertently induces a recession.
A temporary reduction in tax rates on individual incomes can be a powerful weapon against recession.
Utah is one of the nation’s leaders in rebounding from the Great Recession.
We escaped the last big bursting of a bubble – the dotcom bubble – with a relatively light U.S. recession. On that occasion, the world economy found its way back on track fairly quickly.
I personally believe that there’s going to be a good case for the government preserving some type of guarantee to make sure that people have the ability to borrow to finance a house even in a very damaging recession. I think there’s going to be a good case for that.
Let’s be clear: raising taxes during a very slow recovery is likely to lead to another recession, and it will do absolutely nothing to balance the budget.
The financial crisis and the Great Recession left firms with excess capacity, reducing incentives to invest. If businesses expect slower growth to continue, that will also hold down investment.
In my view, if you have one in 10 unemployed – something is wrong with the economy whether you call it recession or not.
Labor force participation peaked in early 2000, so its decline began well before the Great Recession. A portion of that decline clearly relates to the aging of the baby boom generation. But the pace of decline accelerated with the recession.
This recession is the deepest in our lifetimes, the deepest since 1929. If you take the people thrown out of work in the 1982 recession, the 1991 recession, the 2001 recession, not only is this bigger, this is bigger than all of those combined.
No one saw the recession coming.
The United States came into the coronavirus recession with a few structural advantages, including a highly diversified economy.
Aggressive government spending during the Great Recession was absolutely necessary.
Does anybody remember, back in the depths of the recession of 1981-82, how President Reagan kept his chin up and exhorted American businesses to work hard and produce an economic recovery?
With every year that passes, the more we have to be careful not to forget the causes and consequences of the Great Recession.
I think the most important factor in getting out of the recession actually is just the regenerative capacity of – of American capitalism.
Politics is not something most people have to do every day. Their daily lives are much more influenced by job opportunities, whether the country is in a recession or a boom period. If you really want to understand what drives American history, look at the economic… side.
We’re still in a recession. We’re not gonna be out of it for a while, but we will get out.
I don’t know if you call a burger ‘recession food.’ It’s comfort food.
Europe is a strong market for the U.S. If it has problems, if there’s a lack of consumer confidence, if there’s a deeper recession, this will deeply affect jobs in the U.S.
If the program goes off track again due to recession, this should not become a pretext for the imposition of more austerity measures.
There is no question that the recovery from the global recession triggered by the 2008 financial crisis has been unusually lengthy and anemic.
When you see people getting involved in Comic Relief, especially in tough times or times of recession, that’s very positive.
In a global economy, the Bush doctrine of unilateralism – going it alone – has been disastrous. It’s becoming increasingly clear that we’re all in this together. Your happiness is my happiness, your suffering is my suffering, your recession is my recession.
Increased revenues, meaning higher taxes, will be a central element of any successful long-term budget plan, and President Obama is right to insist that the wealthy – the slice of America that has come through the recession in by far the best financial health – should provide those funds.
Making new products is an easy tap for a company in a recession.
I’ve lived through periods of illiquidity before. Asset prices come down. The economy slows or even goes into recession. Then the cycle re-starts. We buy at lower prices with less leverage.
The 2008 financial crisis and the Great Recession that followed have had devastating effects on the U.S. economy and millions of American lives. But the U.S. economy will emerge from its trauma stronger and widely restructured.
The truth is that for those 86 long years when the Red Sox went without a World Series win, fans were not only in a recession, but trapped in a longstanding, deeply entrenched sports depression.
Faced with a deep recession, some say the answer is to expand the role of government.
The way the recession has affected Hollywood, a lot of actors that had robust opportunities before in film no longer have such plum options, so cable has done a good job of becoming a happy medium for artists deemed film actors.
It’s not all Obama’s fault: His plans to rebuild America’s energy infrastructure have been hampered by the recession, and his efforts on global warming have been stymied by Tea Party wackos and weak-kneed Democrats in Congress.
The financial crisis and the Great Recession posed the most significant macroeconomic challenges for the United States in a half-century, leaving behind high unemployment and below-target inflation and calling for highly accommodative monetary policies.
Keynes’s contribution was not just to advocate spending government money in the middle of a recession. Every government had done that going back to the days of the Irish potato famine. What he gave to us was a way of thinking about the magnitude and the dimensions and so forth.
A normal recession disrupts people’s lives, but a long recession destroys them. You lose output, prosperity, family stability, self-esteem, and many other qualities on what looks to be a semi-permanent basis.
