It’s a recession when your neighbor loses his job; it’s a depression when you lose your own.
Harry TrumanMots clés money work depression economy recession
Recession is when your neighbor loses his job. Depression is when you lose yours. And recovery is when Jimmy Carter loses his.
Ronald ReaganMots clés definitions depression slogan recession
When you need to borrow money the Mob seems like a better deal I think. 'You don't pay me back I break both yer legs.' Is that all? You won't take my house or wreck my credit rating? Fine where do I sign. Legs? Fine. You don't even have to sign anything.
Craig FergusonMots clés money recession credit mob real-estate banking
What are the odds that people will make smart decisions about money if they don’t need to make smart decisions—if they can get rich making dumb decisions?
Michael LewisMots clés money recession 2008
The simple measure of sanity in housing prices, Zelman argued, was the ratio of median home price to income. Historically, in the United States, it ran around 3:1; by late 2004, it had risen nationally, to 4:1. “All these people were saying it was nearly as high in some other countries,” says Zelman. “But the problem wasn’t just that it was four to one. In Los Angeles it was ten to one and in Miami, eight-point-five to one.
Michael LewisMots clés recession 2008 real-estate
The CDO was, in effect, a credit laundering service for the residents of Lower Middle Class America. For Wall Street it was a machine that turned lead into gold.
Michael LewisMots clés recession wall-street cdo
In Bakersfield, California, a Mexican strawberry picker with an income of $14,000 and no English was lent every penny he needed to buy a house for $724,000.
Michael LewisMots clés recession 2008 real-estate
This explains why I've been making Recession Tea- letting a teabag steep for half the time it should so I can use it again for a second cup later.
Suzan ColonMots clés cooking recession cherries-in-winter
Once you realize that trickle-down economics does not work, you will see the excessive tax cuts for the rich as what they are -- a simple upward redistribution of income, rather than a way to make all of us richer, as we were told.
Ha-Joon ChangMots clés economics social-justice economy taxes taxation recession tax-cuts
This malignant persistence since September 11th is the biggest surprise of all. In previous decades, sneak attacks, stock-market crashes, and other great crises became hinges on which American history swung in dramatically new directions. But events on the same scale, or nearly so, no longer seem to have that power; moneyed interests may have become too entrenched, elites too self-seeking, institutions too feeble, and the public too polarized and passive for the country to be shocked into fundamental change.
George PackerMots clés change united-states 9-11 recession crises stagnation 9-11-10th-anniversary
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