Recession is when a neighbor loses his job. Depression is when you lose yours.
Funny
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The economy is doing better than anyone three or four months ago thought it could do. While 1.4 percent growth is pretty feeble, it does mean the recession was, from a GDP perspective, the mildest one we ever had.
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It's a recession when your neighbor loses his job it's a depression when you lose yours.
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My belief all along is the unemployment rate is the key to consumer behavior, ... A 4.5 percent unemployment rate would be more than a half a percentage point above the low of 3.9 percent. If unemployment goes up a half percentage point from its trough, you almost always get a recession subsequently in the next 12 months. There is a snowballing effect that begins to happen once you get too much past that size increase. While it might take a nice round 5.0 percent rate before people get panicked, the snow may already be rolling over them by then.
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The stress on household finances in coming weeks will be the greatest since the last recession in 2001,
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Recession is when your neighbor loses his job. Depression is when you lose yours. And recovery is when Jimmy Carter loses his.
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Inflation continues till common man is completely sucked out of money, then recession sets in and continues till he becomes suckable again.
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And so Fannie Mae produces very strong results for investors in - when interest rates are high and when interest rates are low, in recession and during booms.
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On behalf of all of you, I want to express my appreciation for this tremendously warm recession.
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In an economic recession, I'd rather that in order to get out of this recession, that the people be spending their money, not the government trying to figure out how to spend the people's money.
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Recession is when a neighbor loses his job. Depression is when you lose yours.
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