Quotes & Sayings About Credit Crunch

It's always the next pay raise, the next purchase, the next place you move to or go on holiday which will make you happy. The credit crunch could have been a moment to reflect on that. We in the West can do something that no people in history have done: we can show the world that we know when we have enough. As the planet runs out of resources, due mainly to the fact that everyone on it wants to live a lifestyle equivalent to those of us in the West, this lesson would have the potential to save the world. — John Lanchester

In an extreme credit crunch, leveraged purchases of gold cause forced sales, because any price correction triggers margin calls. As a result, gold can be very volatile - upward and downward - at the peak of a crisis. — Nouriel Roubini

I think the credit crunch is a brilliant thing. We should all stop moaning and start celebrating. When times are tough, it's an opportunity to start looking at life in a different way. — Jarvis Cocker

I'm not extravagant, so I won't need to rein it in too much. Me and my friend make each other cards. I love being creative and making things. But a better credit crunch idea is to not even bother sending cards. — Konnie Huq

They say the people most affected by the credit crunch are pensioners - well, let go of the handbag then, Nanna. — Jimmy Carr

If you look at the way society is structured , it is structured to keep people overwhelmingly in a state of fear and always trying to survive, in terms of physically, in terms of terror, in terms of financially, the credit crunch, rising food prices; all this is survive, survive, survive. — David Icke

Many politicians and pundits claim that the credit crunch and high mortgage foreclosure rate is an example of market failure and want government to step in to bail out creditors and borrowers at the expense of taxpayers who prudently managed their affairs. These financial problems are not market failures but government failure ... The credit crunch and foreclosure problems are failures of government policy. — Walter E. Williams

The credit crunch was based on a climate (the post-Cold War victory party of free-market capitalism), a problem (the sub-prime mortgages), a mistake (the mathematical models of risk) and a failure, that of the regulators. — John Lanchester

In October 2008, when the credit crunch hit, small businesses were really crushed by the lack of capital. — Karen Mills

The working class of England take their deracination completely for granted. Disenchantment is the happy code that informs every byway of the underclass: service jobs, celebrity dreams, Lotto wins, leisured poverty on pre-crunch credit cards, it's all there, part of the story of an English people whose grandparents never had it so good. — Andrew O'Hagan