“The stock market has forecast nine of the last five recessions.”
Paul A. Samuelson (1915–2009) American economist
Paul Samuelson (1966), quoted in: John C Bluedorn et al. Do Asset Price Drops Foreshadow Recessions? (2013), p. 4
1950s–1970s
“During late Autumn 1956, in connection with a marketing study, I forecast the imminence of a major U. S. economic recession, triggered by the over-stretching of a post-1954 credit-bubble centered in financing of automobiles, housing, and analogous consumer goods. This recession broke out in February 1957 statistics, and was generally, if reluctantly acknowledged to have occurred several months later. The recession-spiral lasted into mid-1958, and was followed by a prolonged stagnation until an upturn appeared under the Kennedy administration.”
"The Coming Disintegration of Financial Markets" (June 1994) http://spanish.larouchepac.com/static/about-larouche.html.
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American political activist and founder of the LaRouche mov… 1922–2019Related quotes
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This phrase has been used twice a year since 1973 by government leaders throughout the West. Its meaning is unclear. See: Depression.
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“[Obama White House] rescued the economy from the worst recession.”
Rahm Emanuel (1959) politician, investment banker, White House Chief of Staff
Obama goes prime-time to pitch healthcare http://www.upi.com/Top_News/2009/07/22/Obama-goes-prime-time-to-pitch-healthcare/UPI-38611248259706/, UPI, July 22, 2009.
Anna Schwartz book A Monetary History of the United States
"The Great Contraction, 1929-1933" (1963), with Milton Friedman
A Monetary History of the United States (1963)
Milton Friedman book A Monetary History of the United States
"The Great Contraction, 1929-1933" (1963), with Anna J. Schwartz
A Monetary History of the United States (1963)
“I have all these great genes, but they're recessive. That's the problem here.”
Bill Watterson (1958) American comic artist
20 Jun 90
Attack of the Deranged Mutant Killer Monster Snow Goons
Source: The Complete Calvin and Hobbes
George Ritzer (1940) American sociologist
Source: Globalization - A Basic Text (2010), Chapter 16, Dealing with, Resisting, and the Futures of Globalization, p. 499
Ha-Joon Chang (1963) Economist
"Austerity has never worked" http://www.guardian.co.uk/commentisfree/2012/jun/04/austerity-policy-eurozone-crisis, The Guardian, 4 June 2012.