A Quote by George M. Humphrey

I don't see any significant recession or depression in the offing.

George M. Humphrey

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Any Depression Recession See Significant

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George M. Humphrey
American - Politician
March 8, 1890 - January 20, 1970

The difference between recession and depression is simple. Recession, goes the saying, is when you lose your job; depression is when I lose mine.

Amity Shlaes

Fear, greed and hope have destroyed more portfolio value than any recession or depression we have ever been through.

James O'Shaughnessy

The recession is over." This phrase has been used twice a year since 1973 by government leaders throughout the West. Its meaning is unclear. See: Depression.

John Ralston Saul

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.

Ben Bernanke

In the large sense the primary cause of the Great Depression was the war of 1914-1918. Without the war there would have been no depression of such dimensions. There might have been a normal cyclical recession; but, with the usual timing, even that readjustment probably would not have taken place at that particular period, nor would it have been a "Great Depression.

Herbert Hoover

If you raise taxes during a recession, you head to depression.

George W. Bush

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.

Austan Goolsbee

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 S. Deffeyes

The median family income in the U.S. is lower than it was a quarter-century ago, and if people don't have income, they can't consume, and you can't have a strong economy. There's significant risk - actually it's no longer a risk - a significant likelihood of a marked slowdown not only in China, but also in a lot of other countries like Brazil, which is in recession. All of the other countries that depend on commodities, including Canada, are facing difficulties. So it's hard to see a story of a strong U.S. economy.

Joseph Stiglitz

Recession is when a neighbor loses his job. Depression is when you lose yours.

Ronald Reagan

It's a recession when your neighbor loses his job; it's a depression when you lose yours.

Harry S Truman

We face a far greater risk of psychological depression than of economic recession.

Todd G. Buchholz

A recession is when your neighbor loses his job. A depression is when you lose yours.

Ronald Reagan

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.

Mark Zandi

The Fed was largely responsible for converting what might have been a garden-variety recession, although perhaps a fairly severe one, into a major catastrophe. Instead of using its powers to offset the depression, it presided over a decline in the quantity of money by one-third from 1929 to 1933 ... Far from the depression being a failure of the free-enterprise system, it was a tragic failure of government.

Milton Friedman

I see depression as an exponentially developed version of a human condition. Meaning I always think in the end it's humanizing. People who never suffer from depression I find suspect. I assume Donald Trump is not a sufferer from depression.

Daphne Merkin

A Quote by George M. Humphrey

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