#recession

Over the last decade, economists seemed to share a broad consensus about economic policy, with the old splits between monetarists and Keynesians apparently being settled by events. But the Great Recession of the last two years has changed everything. ↗

— Gavyn Davies

#apparently #being #between #broad #changed

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. ↗

— Ben Bernanke

#businesses #crisis #declines #destroyed #economic

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

#business #crisis #cycle #downturn #economies

I am a huge bull on this country. We will not have a double-dip recession at all. I see our businesses coming back almost across the board. ↗

— Warren Buffett

#almost #am #back #board #bull

I think the most important factor in getting out of the recession actually is just the regenerative capacity of - of American capitalism. ↗

— Warren Buffett

#american #capacity #capitalism #factor #getting

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. ↗

— Timothy Geithner

#believe #borrow #case #damaging #even

Bernanke and company are trying to reflate the economy with almost stated objective of inflation at 2 percent and higher in order to provide some type of safety margin for a future recession. That's where they want to go. ↗

— Bill Gross

#company #economy #future #go #higher

You cannot spend your way out of recession or borrow your way out of debt. ↗

— Daniel Hannan

#borrow #cannot #debt #out #recession

The job numbers are positive. We've had more jobs created now than were lost during the recession. We're seeing that the creation, we're seeing those numbers not only grow but shift toward the private sector and shift toward full-time employment and these are all signs that the recovery is taking some hold but we're not out of woods. ↗

— Stephen Harper

#creation #during #employment #full-time #grow

Canadians know that the promise of a recession didn't happen because of anything we did here. If you look at all the causes of the recession, problems in mortgage markets, the problems in the banking sector, the problems in government finance in countries like Greece, none of those problems were in present Canada. ↗

— Stephen Harper

#banking #because #canada #canadians #causes