Crisis Quote by Ben Bernanke

Low interest rates wipe out savers and devastate middle-class workers. The banksters have orchestrated this wealth transference of trillions, from the poor to the…

— Max Keiser

To qualify as a recession, economic activity must decline in an absolute sense; a mere slowdown in real growth is not enough.

— Edgar Fiedler

It is hard to be enthusiastic about the economy's prospects when house prices are falling: Households spend less, small business owners can't use homes…

— Mark Zandi

Since loans are getting more expensive and there's less money available, we're seeing a commensurate decline in growth. Higher costs and lower growth, in…

— Paul Achleitner

Our unemployment rate is now lower than it was before the financial crisis.

— Barack Obama

True, governments can reduce the rate of interest in the short run. They can issue additional paper money. They can open the way to…

— Ludwig von Mises

The collapse of the housing bubble sent the world spiraling into recession. The collapse of the energy and commodity bubble threatens to be just…

— Kelly Evans

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

— Ha-Joon Chang

When the average person is being financially squeezed, they cut back on spending, demand goes down and businesses have to lay people off. That's…

— Touker Suleyman

When interest rates are low we have conditions for asset bubbles to develop, and they are developing at the moment. The ultimate asset bubble…

— George Soros

Businesses and households react to lower rates by investing and spending more. Lower rates also support the prices of housing and financial assets such…

— Jerome Powell

So we are in for years of debt deflation. That means that people have to pay so much debt service for mortgages, credit cards,…

— Michael Hudson