Downturn Quotes

#1. The most effective way to shake an economy out of a terrible downturn when we're at the zero lower bound is an aggressive change in policy that makes people wake up, say 'this is a new day' and change their expectations.

Christina Romer

#2. What I saw a thousand times during the downturn was, 'We'd like to give her that opportunity, but we need to go with the sure thing - we can't afford diversity right now,'

Sallie Krawcheck

#3. Even without an economic downturn, women sometimes want to keep their shopping habits to themselves.

Natalie Massenet

#4. High gas prices are eating away at consumer's disposal income and could lead to a further economic downturn, especially for those whose livelihood depend on gasoline and diesel fuel.

Major Owens

#5. With more than half the population now checking their account balances more often as a direct result of the downturn, and with more of us comparing prices in virtually every market, it is natural to turn budget management into a skill, an accomplishment, a badge of lifestyle success.

Joe Staton

#6. In a downturn, aggressive PR and communications strategy is key.

Douglas Leone

#7. A perfect storm is in the making: financial uncertainty, economic downturn, government cuts, rising unemployment and a future that looks less clear the more we try to fathom it.

Jonathan Sacks

#8. Film has become a marketed commodity, and the opportunities and audiences for art cinema have grown smaller. There is a general downturn in cultural literacy, perhaps because of television.

Roger Ebert

#9. When you're in an economic downturn, what you want is to create jobs and economic growth. And the recipe isn't Republican or Democrat. It's low taxes, low spending, less regulation, free trade.

Nancy Pfotenhauer

#10. In the next economic downturn there will be an outbreak of bitterness and contempt for the supercorporate chieftains who pay themselves millions. In every major economic downturn in US history the villains have been the heroes during the preceding boom.

Peter Drucker

#11. When you're in a major market downturn, the beta eats the alpha.

Jeffrey Gundlach

#12. Regardless of whether we are in an upturn or a downturn, our goal is to ensure the Volkswagen Group reaches the top of the automotive industry.

Martin Winterkorn

#13. The fact is that the New Deal did not work. It prolonged what might have been a troubling two-year downturn into a horrifying blow to world prosperity that ended up in a war that killed countless millions. It was one of the greatest acts of wreckage in world history.

Llewellyn Rockwell

#14. The economic downturn is our wake-up call to slow down, consume less, help each other, & live more!

Phil Harding

#15. The extraction tax is based in part on production times the market value at the wellhead, so any downturn in the market price is going to be a mathematical impact on the shale tax. But beyond that, it also concerns me because it also impacts the health of the industry.

Tom Wolf

#16. There's this whole problem of trafficking, which has gotten worse in the economic downturn, which disproportionately affects young women, but also affects some young men who are sold into bondage, into basically servitude for indebted work that they can often never escape from.

William J. Clinton

#17. One thing I learned in '97, when I thought the right time to found a company was during a swing-up, is that it's much better to start during an economic downturn. Partnerships are easier; hiring is easier; and the competition starts later.

Reid Hoffman

#18. This crisis is not simply a more severe version of the usual business cycle recession, the typical downturn in which economies ultimately adjust and stabilize.

Timothy Geithner

#19. Women's golf definitely hit a bump in the road. We lost some tournaments due to a combination of things led by the downturn in the economy.

Hollis Stacy

#20. The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so.

Ben Bernanke

#21. Protectionism is a very real danger. It is understandable that in times of a severe downturn protectionist pressures mount but the lessons of history are clear. If we give in to protectionist pressures, we will only send the world into a downward spiral.

Manmohan Singh

#22. I managed Hewlett Packard through the worst technology downturn in 25 years, the dotcom bust.

Carly Fiorina

#23. To recover from the current economic downturn, it has been estimated that we need to create on the order of 17 million to 20 million new jobs in the coming decade ... And it's very hard to imagine where those jobs are going to come from unless we seriously get busy reinventing manufacturing.

Susan Hockfield

#24. Markets always change, and as soon as there's downturn, cleanliness becomes a major value.

Donald Trump

#25. Because of piracy there has been a massive downturn in people buying music, which makes it more difficult for artists to make money from the sale of records.

Lily Allen

#26. Unsolvable problems do not exist. Any crisis is a combination of specific tasks to be worked on. The government has the experience and reserves to overcome the economic downturn

Dmitry Medvedev

#27. A market downturn, doesn't bother us. For us and our long term investors, it is an opportunity to increase our ownership of great companies with great management at good prices. Only for short term investors and market timers is a correction not an opportunity.

Warren Buffett

#28. Those that believe this is merely a downturn are mad. Our industry is going to mature and as something matures, the rate of innovation does slow.

Larry Ellison

#29. The downturn following the collapse of Japan's so-called bubble economy of the 1980s was not as severe as the Great Depression.

Ben Bernanke

#30. The impact of the downturn is starting to feel very real. House prices and the housing market have been taking the knock for some time and that's affecting people.

Lucy Powell

#31. Curiosity has ... proven to be a great ingredient in resilience, a trait particularly valuable in an extended economic downturn. Resilient people aren't made of steel; they just provide themselves with more options, and those options come from a curious mind.

Chip Conley

#32. Raising taxes in an economic downturn is not a good idea.

Martha McSally

#33. You create your life, and you can recreate it, too. In times of economic downturn and uncertainty, it's more important than ever to look deep inside yourself to fathom the sort of life you really want to lead and the talents and passions that can make that possible.

Ken Robinson

#34. You know, if I listened to Michael Dukakis long enough, I would be convinced we're in an economic downturn and people are homeless and going without food and medical attention and that we've got to do something about the unemployed.

Ronald Reagan

#35. We must reset our sails to take advantage of these changing winds and prosper as a business and individual. You can make the most of this downturn and position yourself for the next boom that's going to follow.

Harry S. Dent

#36. I talk to a lot of librarians, and there's always a steady drumbeat of how libraries are places of community. But a lot of them have also recently - and just in the nick of time - refurbished, because during this economic downturn, people have a tendency to borrow instead of buy.

Paula Poundstone

#37. When markets go down, opportunities go up for smart real estate investors. I would much rather play the downturn than the upturn.

Harry S. Dent

#38. The President's political travel is going to get blamed (and probably rightly) for a share of this downturn.

Robert Teeter

#39. A crash really occurs when you suddenly have a violent downturn in the market that then heralds a long bull market.

Ron Chernow

#40. Most analysts would agree that if all the undocumented immigrants in California were deported in one day, our state would experience a severe economic downturn. This does not even consider the many cultural and spiritual gifts these immigrants bring to our state and nation.

Roger Mahony

#41. In a period of economic downturn, the overwhelming instinct is to pare back, cut costs, and lay off. If you do that, do so with your strategy in mind. The worst mistake is to cut across the board. Instead, reconnect and recommit to a clear strategy that will distinguish yourself from others.

Michael Porter

#42. The evergreen story of people in debt becomes even sexier in an economic downturn, when debts inevitably get harder to pay.

Virginia Postrel

#43. Demagogues always do well in economic downturns.

John Avlon