Downturn Quotes & Sayings

One thing I learned in '97, when I thought the right time to found a company was during a swing-up, is that it's much better to start during an economic downturn. Partnerships are easier; hiring is easier; and the competition starts later. — Reid Hoffman

When markets go down, opportunities go up for smart real estate investors. I would much rather play the downturn than the upturn. — Harry S. Dent

The New Capitalism (arising from the global economic downturn) ... those running our biggest commercial businesses will have to be more visible. They'll have to manifest a genuine understanding not only of the anxieties of their employees but of all taxpayers. Those chief executives who succeed will be those who imbue in their businesses very simple, commonsense standards of decency — Robert Peston

Poverty - the greatest cause of human suffering on the planet - is itself exacerbated by conflict, competition for resources, injustice, even the global downturn and climate change. Diseases like AIDS, TB and malaria cannot be tackled without adequate resources. So you see everything is connected. In order to address any major cause of human suffering, we have to work together across many fronts. — Desmond Tutu

Demagogues always do well in economic downturns. — John Avlon

Those that believe this is merely a downturn are mad. Our industry is going to mature and as something matures, the rate of innovation does slow. — Larry Ellison

The evergreen story of people in debt becomes even sexier in an economic downturn, when debts inevitably get harder to pay. — Virginia Postrel

The impact of the downturn is starting to feel very real. House prices and the housing market have been taking the knock for some time and that's affecting people. — Lucy Powell

In the next economic downturn there will be an outbreak of bitterness and contempt for the supercorporate chieftains who pay themselves millions. In every major economic downturn in US history the villains have been the heroes during the preceding boom. — Peter Drucker

The fact is that the New Deal did not work. It prolonged what might have been a troubling two-year downturn into a horrifying blow to world prosperity that ended up in a war that killed countless millions. It was one of the greatest acts of wreckage in world history. — Llewellyn Rockwell

In a downturn, aggressive PR and communications strategy is key. — Douglas Leone

I talk to a lot of librarians, and there's always a steady drumbeat of how libraries are places of community. But a lot of them have also recently - and just in the nick of time - refurbished, because during this economic downturn, people have a tendency to borrow instead of buy. — Paula Poundstone

With more than half the population now checking their account balances more often as a direct result of the downturn, and with more of us comparing prices in virtually every market, it is natural to turn budget management into a skill, an accomplishment, a badge of lifestyle success. — Joe Staton

Because of piracy there has been a massive downturn in people buying music, which makes it more difficult for artists to make money from the sale of records. — Lily Allen

1 - The Unacceptably High Cost of Living in Fear Fear and Anxiety Are Everywhere Have you noticed that fear seems to be settling in for a long visit? A quick glance at the news tells us that many people are fearful about the economy, their investments, and whether their jobs will survive this downturn. We hear stories every day about people losing their homes or jobs. Widespread financial disaster appears to be looming on the horizon. And that's just the economy! So many other issues - terrorism, hunger and crime, to name a few, have more people than ever living in a state of unease. The Cost: Stress and Disease And there's a cost to all that fear - anxiety, depression, and stress — Jerry Graham

Most analysts would agree that if all the undocumented immigrants in California were deported in one day, our state would experience a severe economic downturn. This does not even consider the many cultural and spiritual gifts these immigrants bring to our state and nation. — Roger Mahony

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

There's this whole problem of trafficking, which has gotten worse in the economic downturn, which disproportionately affects young women, but also affects some young men who are sold into bondage, into basically servitude for indebted work that they can often never escape from. — William J. Clinton

Curiosity has ... proven to be a great ingredient in resilience, a trait particularly valuable in an extended economic downturn. Resilient people aren't made of steel; they just provide themselves with more options, and those options come from a curious mind. — Chip Conley

In all three cases, the person makes a higher income than does Mrs. Rule. Yet none is a millionaire. In fact, Mr. Petersen, the marketing manager, has zero invested in stocks. He never invests any of his income. But he lives in a $400,000 home that is surrounded by others in the high-tech field who have big hats and bigger mortgages, but no cattle. Too many high-income/low-net worth types live from paycheck to paycheck, fearing a sudden downturn in our economy. OUR — Thomas J. Stanley

Right now, with millions of Americans still out of work, and struggling to recover from the worst economic downturn since the great depression, with 40 million Americans dealing with student loans, with millions of people working full-time at minimum wage and still living in poverty, with the big banks getting bigger and the workers getting poorer, and seniors struggling to make ends meet, Republicans in Washington have decided the most important thing for them to focus on is how to deny women access to birth control. — Elizabeth Warren

You create your life, and you can recreate it, too. In times of economic downturn and uncertainty, it's more important than ever to look deep inside yourself to fathom the sort of life you really want to lead and the talents and passions that can make that possible. — Ken Robinson

We must reset our sails to take advantage of these changing winds and prosper as a business and individual. You can make the most of this downturn and position yourself for the next boom that's going to follow. — Harry S. Dent

Film has become a marketed commodity, and the opportunities and audiences for art cinema have grown smaller. There is a general downturn in cultural literacy, perhaps because of television. — Roger Ebert

Raising taxes in an economic downturn is not a good idea. — Martha McSally

The extraction tax is based in part on production times the market value at the wellhead, so any downturn in the market price is going to be a mathematical impact on the shale tax. But beyond that, it also concerns me because it also impacts the health of the industry. — Tom Wolf

In a period of economic downturn, the overwhelming instinct is to pare back, cut costs, and lay off. If you do that, do so with your strategy in mind. The worst mistake is to cut across the board. Instead, reconnect and recommit to a clear strategy that will distinguish yourself from others. — Michael Porter

What I saw a thousand times during the downturn was, 'We'd like to give her that opportunity, but we need to go with the sure thing - we can't afford diversity right now,' — Sallie Krawcheck

Tell me something. Why is everyone so determined to believe Wilton is innocent?"
Surprised, Davies said, "He's a war hero isn't he? Admired by the King and a friend of the Prince of Wales. He's visited Sandringham, been received by Queen Mary herself! A man like that doesn't go around killing people!"
With a wry downturn of his lips, Rutledge silently asked, How did he win his medals, you fool, if not by being so very damned good at killing? — Charles Todd

Regardless of whether we are in an upturn or a downturn, our goal is to ensure the Volkswagen Group reaches the top of the automotive industry. — Martin Winterkorn

High gas prices are eating away at consumer's disposal income and could lead to a further economic downturn, especially for those whose livelihood depend on gasoline and diesel fuel. — Major Owens

Vladimir Putin shot out of obscurity in 1999 by exploiting growing nostalgia for the USSR, fueled by the disappointment, uncertainty and crisis that brought Yeltsin's reform era to a shuddering halt. Once in power the following year, Putin set about building an authoritarian regime whose control would expand for more than a decade, until soaring corruption on top of another economic downturn - a much smaller one, triggered by the global financial crisis of 2008 - prompted another backlash. — Gregory Feifer

When you're in a major market downturn, the beta eats the alpha. — Jeffrey Gundlach

The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so. — Ben Bernanke

To recover from the current economic downturn, it has been estimated that we need to create on the order of 17 million to 20 million new jobs in the coming decade ... And it's very hard to imagine where those jobs are going to come from unless we seriously get busy reinventing manufacturing. — Susan Hockfield

From the Great Depression, to the stagflation of the seventies, to the current economic crisis caused by the housing bubble, every economic downturn suffered by this country over the past century can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial 'boom' followed by a recession or depression when the Fed-created bubble bursts. — Ron Paul

The economic downturn is our wake-up call to slow down, consume less, help each other, & live more! — Phil Harding

I managed Hewlett Packard through the worst technology downturn in 25 years, the dotcom bust. — Carly Fiorina

The downturn following the collapse of Japan's so-called bubble economy of the 1980s was not as severe as the Great Depression. — Ben Bernanke

We've had one of these before, when the dot-com bubble burst. What I told our company was that we were just going to invest our way through the downturn, that we weren't going to lay off people, that we'd taken a tremendous amount of effort to get them into Apple in the first place; the last thing we were going to do is lay them off. — Steve Jobs

A market downturn, doesn't bother us. For us and our long term investors, it is an opportunity to increase our ownership of great companies with great management at good prices. Only for short term investors and market timers is a correction not an opportunity. — Warren Buffett

The President's political travel is going to get blamed (and probably rightly) for a share of this downturn. — Robert Teeter

The Poverty Tour provided the opportunity to meet many people who had been living paycheck to paycheck even before the economic downturn. To so quickly slide from the great middle into the underworld of the poor validated our suspicions that perhaps these citizens never really were bona fide, middle class Americans. Indeed, some economists assert that the middle class evaporated decades ago. — Cornel West

Women's golf definitely hit a bump in the road. We lost some tournaments due to a combination of things led by the downturn in the economy. — Hollis Stacy

Beware leverage in all its forms. Borrowers - individual, corporate, or government - should always match fund their liabilities against the duration of their assets. Borrowers must always remember that capital markets can be extremely fickle, and that it is never safe to assume a maturing loan can be rolled over. Even if you are unleveraged, the leverage employed by others can drive dramatic price and valuation swings; sudden unavailability of leverage in the economy may trigger an economic downturn. — Seth Klarman

You know, if I listened to Michael Dukakis long enough, I would be convinced we're in an economic downturn and people are homeless and going without food and medical attention and that we've got to do something about the unemployed. — Ronald Reagan

Even without an economic downturn, women sometimes want to keep their shopping habits to themselves. — Natalie Massenet

I think readers appreciate those of us who stay in the trenches and fight the good fight even when times get tough. I know that I, personally, lost respect for writers who, when there was a downturn in the market, started shouting from the rooftops that they wrote thrillers and suspense novels rather than horror. As far as I'm concerned, those wussboys should sever all ties with the horror community if that's the way they feel and get out of the way so real horror writers can do their work. — Bentley Little

The point is that families today are spending their money no more foolishly than their parents did. And yet they're five times more likely to go bankrupt, and three times more likely to lose their homes. Families are going broke on the basics - housing, health insurance, and education. These are the kind of bills that you can't just trim around the edges in the event of a downturn. — Amelia Warren Tyagi

If I could say something about Capricornia, and it came out in your previous report, there is no doubt that the end of the mining boom has led to an economic downturn in central Queensland, and that is why people in Capricornia, and elsewhere in central Queensland too, are so desperate for a government that will protect their jobs and create new opportunities for jobs in the future. And that is why [Malcolm] Turnbull government's message of jobs and growth and its six point economic plan is so important to them. — George Brandis

Unsolvable problems do not exist. Any crisis is a combination of specific tasks to be worked on. The government has the experience and reserves to overcome the economic downturn — Dmitry Medvedev

Protectionism is a very real danger. It is understandable that in times of a severe downturn protectionist pressures mount but the lessons of history are clear. If we give in to protectionist pressures, we will only send the world into a downward spiral. — Manmohan Singh

The most effective way to shake an economy out of a terrible downturn when we're at the zero lower bound is an aggressive change in policy that makes people wake up, say 'this is a new day' and change their expectations. — Christina Romer

A crash really occurs when you suddenly have a violent downturn in the market that then heralds a long bull market. — Ron Chernow

Markets always change, and as soon as there's downturn, cleanliness becomes a major value. — Donald Trump

Reasons to be positive. The economic downturn could be the catalyst for positive change. It should be translated into the wake-up call we need for a major change in aspirations and lifestyles to save humanity from the ecological and economic disaster that would otherwise result from continuing on the high carbon and resource depleting path we have been pursuing — Phil Harding

The ad industry isn't struggling for a new set of principles or abandoning the ones that made it great from the start. It's simply in the midst of a business cycle. I don't think it's more profound than that. And despite the economic downturn, I'm having more fun today than at any other moment in my 30-year advertising career. The game is more interesting and more relevant than ever. — Rochelle B Lazarus

When you're in an economic downturn, what you want is to create jobs and economic growth. And the recipe isn't Republican or Democrat. It's low taxes, low spending, less regulation, free trade. — Nancy Pfotenhauer

A perfect storm is in the making: financial uncertainty, economic downturn, government cuts, rising unemployment and a future that looks less clear the more we try to fathom it. — Jonathan Sacks