Global Financial Crisis Quotes & Sayings

Senator Obama will be taking office at a critical juncture. There are many pressing challenges facing the international community, including the global financial crisis and global warming. We look forward to working closely with President-elect Obama and his team to address these challenges. — Helen Clark

Being a person that others can trust is one of the most sought after qualities in the workplace today. So many leaders and their staff have shown in the recent global financial crisis a lack of trust and integrity amongst themselves and with their clients and other stakeholders. — Nigel Cumberland

September and October of 2008 was the worst financial crisis in global history, including the Great Depression, — Ben Bernanke

2009 was a tough year, but Australia rose to the challenge of the global financial crisis. It shows what can be done when we all join together and work together, governments of all persuasions state, territory and local; businesses large and small; unions and local communities right across the nation. — Kevin Rudd

There was no blueprint or how-to manual for fixing a global financial meltdown, an auto crisis, two wars and a great recession, all at the same time. — Rahm Emanuel

In 2008, when the global financial crisis struck, it was a bad year for a lot of developing countries, and it manifested itself in consumer confidence. — Adi Godrej

What we know about the global financial crisis is that we don't know very much. — Paul Samuelson

She ate up London and spat it out, and now she's recharging her batteries in Bursford before going back into the fray,' Jack said. — Cynthia Harrod-Eagles

Today, China alone holds more than $1 trillion in public and private American IOUs. Cumulative borrowing from abroad during the six years of the Bush administration amounts to some $5 trillion. Most likely these creditors will not call in their loans - if they ever did, there would be a global financial crisis. — Joseph E. Stiglitz

With the lessons taken from the financial crisis in 1997, the Republic of Korea has been able to surmount the global economic crisis rather successfully. — Lee Myung-bak

Edward Conard provides a provocative interpretation of the causes of the global financial crisis and the policies needed to return to rapid growth. Whether you agree or not, this analysis is well worth reading. — Nouriel Roubini

The global financial crisis - missed by most analysts - shows that most forecasters are poor at pricing in economic/financial risks, let alone geopolitical ones. — Nouriel Roubini

The flowers glowed in their many colors. Lakes and rivers shimmered emerald in the sunlight, and Jay's heart pounded with joy. — Ilchi Lee

The challenge was that it was harder to be subtle than strident. — Nancy Gibbs; Michael Duffy

You need not comfort me by lightening my load I ask for strength to carry my burden -tagore — Anish Majumdar

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

Capitalism has become systemically risky when a single financial algorithm like the one that David X. Li created brought the entire global economic system close to collapse in 2008. — Said Elias Dawlabani

One peek inside his top drawer had been enough for Sophie. Swimming goggles, nail clippers, a Ferragamo tie wound into a tight coil, and packets of Gulden's Spicy Brown Mustard. None of that compared to Ira Blumenstein's gold tooth, Kenneth Yang's Darth Vader lollipop, or Rich Angstrom's Magic 8 Ball. — Laura Hemphill

Ever since the 2008 global financial crisis, central banks had ventured, not by choice but by necessity, ever deeper into the unfamiliar and tricky terrain of "unconventional monetary policies." They floored interest rates, heavily intervened in the functioning of markets, and pursued large-scale programs that outcompeted one another in purchasing securities in the marketplace; to top it all off, they aggressively sought to manipulate investor expectations and portfolio decisions. — Mohamed A El-Erian

The widely mis-interpreted 1998 'meltdown' of East Asia was a financial symptom of the renewed reality: In fact, it was the first round the world recession again to begin in East Asia and spread from there to the West, instead of vice versa. That marked the beginnings of the return back 360 degrees around the world of the world economic center to Asia where it had always been before those two eighty-year period of temporary Western ascendance. The stock market crash in Hong Kong and the devaluation of the Thai baht and the Indonesian rupia took only 80 seconds to make themselves felt in the London City and on New York's Wall Street. How much of a cultural lag do we still need for popular perception and social theory to catch up with global reality? — Andre Gunder Frank

Institutions of the newer participants in global finance had not been tested, until recently ... recent crisis have underscored certain financial structure vulnerabilities that are not readily assuaged in the short run. — Alan Greenspan

The global crisis is caused by pathologies inherent in the global financial system itself. — George Soros

Booze is the greatest of all equalizers. Rich drunks and poor drunks both pass out the same way. — Chuck Klosterman

The Global Financial Crisis (2008-?); it is not a matter of noblesse oblige as of vitesse oblige. — Kristian Goldmund Aumann

It is no exaggeration to say that since the 1980s, much of the global financial sector has become criminalised, creating an industry culture that tolerates or even encourages systematic fraud. The behaviour that caused the mortgage bubble and financial crisis of 2008 was a natural outcome and continuation of this pattern, rather than some kind of economic accident. — Charles Ferguson

Like the effects of industrial pollution and the new system of global financial markets, the AIDS crisis is evidence of a world in which nothing important is regional, local, limited; in which everything that can circulate does, and every problem is, or is destined to become, worldwide. — Susan Sontag

It's just nice to work hard and be rewarded, which is having lots of people watch. And the icing on the cake is for me is to be able to walk around with pride, feeling that the product you put out is worthy of being watched. But honestly, it's not a big deal. I don't put too much stock in fame or celebrity anyway. I don't put it in the 'important' box. — Christopher Meloni

Sometimes it takes a crisis for people to agree that what is obvious and should have been done years ago, can no longer be postponed ... We must create a new international financial architecture for the global age. — Gordon Brown

Pope Benedict XVI was the first to predict the crisis in the global financial system ... Italian Finance Minister Giulio Tremonti said. — Michael Lewis

Parents sometimes forget that after the child emerges from the utter physical and mental helplessness of infancy, it is becoming more and more an individual. — Prentice Mulford

...Laying blame for the global financial crisis on any single individual, let alone on an eighty-three year old man, seems as ethically flawed as some of the broader moral failures permeating society in the lead-up to the crisis. — Jeremy Balkin

External influences create internal chaos. — Valerie J. Lewis Coleman

There was, of course, a global financial crisis. But our Labour predecessors left Britain exceptionally vulnerable and damaged: more personal debt than any other major economy; a dangerously inflated property bubble; and a bloated banking sector behaving as masters, not the servants of the people. — Vince Cable

As Secretary of State I thought of our choices and challenges in three categories: The problems we inherited, including two wars and a global financial crisis; the new, often unexpected events and emerging threats, from the shifting sands of the Middle East to the turbulent waters of the Pacific to the uncharted terrain of cyberspace; and the opportunities presented by an increasingly networked world that could help lay the foundation for — Hillary Rodham Clinton

I got plenty of guesses wrong on things in the past as well. I don't want to pretend I have some great insight ... But when the global financial crisis came along in 2008 it was scary times if you were in the middle of building $5 billion buildings. It wasn't perfect ... I think that I am the luckiest person in Australia. — James Packer

The Death of Money is an engrossing account of the massive stresses accumulating in the global financial system, especially since the 2008 financial crisis. Jim Rickards is a natural teacher. Any serious student of financial crises and their root causes needs to read this book. — John H. Makin