Recession Quotes

2002 was and amazing year in the housing sector. The annual average for the 30-year fixed-rate mortgage rate this year was about 6.5 percent, the lowest annual average in more than 31 years. That was the primary factor that led to an incredible amount of home building, home sales, and refinancing, all of which helped keep the economy from another recession. - Frank Nothaft

[U.S.] consumer confidence is very important. If consumer confidence stays up then consumer spending will stay up. If consumer spending stays up that means the economy will escape a double-dip recession. - Peter Cardillo

[The report suggests that the economy is] just kind of muddling along at a moderate pace and not dipping into recession... there is less of an impetus for the Fed to be aggressive in lowering interest rates. - Steve Cochrane

[The new prediction will be considerably lower,] possibly in the range of 3.5 percent... we are a long way from a global recession. - Stanley Fischer

[Sun's workstations enabled buyers to lower costs and boost efficiency just at a time -- the recession-plagued early '80s -- when cost cutting and increased efficiencies were imperative.] In hard times big companies stop investing in R&D... That opens doors. - Jim Collins

[Once supply begins to dwindle, the years to follow will see shortages that at best will cause] global recession, possibly worse than the 1930s Great Depression... war, famine, pestilence and death. - Kenneth Deffeyes

[He predicts that fans will return regardless, a projection based on experience with the first gas crisis 30 years ago, wars and recessions.] People will take just so much black and white in this world... After a while, they want some Technicolor. If they have to chop something else out, they will. If they want to go to the races, they will. - Humpy Wheeler

[Extending unemployment benefits] is the only kind of stimulus that helps each and every unemployed worker, who in some sense has borne the pain of the recession. - Wendell Primus