“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.

Adopted from Wikiquote. Last update Sept. 9, 2024. History

Help us to complete the source, original and additional information

Do you have more details about the quote "During late Autumn 1956, in connection with a marketing study, I forecast the imminence of a major U. S. economic reces…" by Lyndon LaRouche?
Lyndon LaRouche photo
Lyndon LaRouche 8
American political activist and founder of the LaRouche mov… 1922–2019

Related quotes

Paul A. Samuelson photo

“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

John Ralston Saul photo

“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.
"Recession"
The Doubter's Companion (1994)

Ron Paul photo
Rahm Emanuel photo

“[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 photo
Milton Friedman photo
Lawrence Kudlow photo

“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 photo
Ha-Joon Chang photo

“It's not just about the current economic environment. History shows that slashing budgets always leads to recession.”

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.

Related topics