A Quote by Edgar Fiedler
Experience shows that a recession is never the result of just a few large industries dragging the economy down while the others continue to expand.
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The problem is that we are trying to prepare people for the new economy using a higher education system built for the old economy. As a result, many high-skilled, high-paying industries suffer from a shortage of labor, while too many low-paying industries suffer from a surplus.
A Winner's Blueprint for Achievement BELIEVE while others are doubting. PLAN while others are playing. STUDY while others are sleeping. DECIDE while others are delaying. PREPARE while others are daydreaming. BEGIN while others are procrastinating. WORK while others are wishing. SAVE while others are wasting. LISTEN while others are talking. SMILE while others are frowning. COMMEND while others are criticizing. PERSIST while others are quitting.
There are now businesses and entire industries that exist solely as a result of federal patronage. Profiting from government instead of earning profits in the economy, such businesses can continue to succeed even if they are squandering resources and making products that people wouldn't ordinarily buy.
The financial crisis and the Great Recession demonstrated, in a dramatic and unmistakable manner, how extraordinarily vulnerable are the large share of American families with very few assets to fall back on. We have come far from the worst moments of the crisis, and the economy continues to improve.
At the center of every recession is a serious imbalance in the economy and mirrored in the financial system. Think subprime mortgage and the Great Recession, or the technology bubble and the early 2000s recession. There are no such imbalances today.
The result is that a generation of physicists is growing up who have never exercised any particular degree of individual initiative, who have had no opportunity to experience its satisfactions or its possibilities, and who regard cooperative work in large teams as the normal thing. It is a natural corollary for them to feel that the objectives of these large teams must be something of large social significance.
We got into a recession because the global economy went into the recession and we're a big exporting nation.
In terms of the economy, look, I inherited a recession, I am ending on a recession.
Clearly, high energy prices will have a large negative effect on the California economy and could possibly drag the rest of the nation into a recession.
The world economy is in a nosedive, and understanding what I call "depression economics" - the weird world you get into when even a zero interest rate isn't low enough, and a messed-up financial system is dragging down the real economy - is essential if we're going to avoid the worst.
The United States came into the coronavirus recession with a few structural advantages, including a highly diversified economy.
Tourism, viticulture and agriculture, logging and mining, ranching and manufacturing and ever-increasing numbers of small and medium-sized businesses are just a few of the industries, within this diverse riding, that help maintain a growing economy.
While I enjoy it, I will continue to go onstage. While I contribute something, fine. I don't want to be dragging my feet. I don't want to become pathetic, but I think I will be lucid enough. I'll know when to stop.
The bottom line for housing is that the concerns we used to hear about the possibility of a devastating collapse—one that might be big enough to cause a recession in the U.S. economy—while not fully allayed have diminished. Moreover, while the future for housing activity remains uncertain, I think there is a reasonable chance that housing is in the process of stabilizing, which would mean that it would put a considerably smaller drag on the economy going forward.
The amount of knowledge which we can justify from evidence directly available to us can never be large. The overwhelming proportion of our factual beliefs continue therefore to be held at second hand through trusting others, and in the great majority of cases our trust is placed in the authority of comparatively few people of widely acknowledged standing.
[Hillary Clinton'] transition director being Ken Salazar, I think, indicates that she will continue to be a friend to fracking. It's not possible to solve the climate crisis while we continue to expand fracking.
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