--- title: "Meaning & Key Takeaway of: Never before in modern times has so much…" description: "\"Never before in modern times has so much of the world been simultaneously hit by a confluence of economic and financial turmoil such as we are now livi..." image: "https://sms4smile.com/quotes/i/51c/timothy-geithner-19996_confluence_never-before-in-modern-times-has-so-much_865249.png" --- # Never before in modern times has so much of the world been… ![“Never before in modern times has so much of the world been simultaneously hit by a confluence of economic and financial turmoil such as we are now living through” quote by Timothy Geithner](https://sms4smile.com/quotes/i/51c/timothy-geithner-19996_confluence_never-before-in-modern-times-has-so-much_865249.png) [Download](https://sms4smile.com/quotes/i/51c/timothy-geithner-19996_confluence_never-before-in-modern-times-has-so-much_865249.png) [Open image](https://sms4smile.com/quotes/i/51c/timothy-geithner-19996_confluence_never-before-in-modern-times-has-so-much_865249.png) > “Never before in modern times has so much of the world been simultaneously hit by a confluence of economic and financial turmoil such as we are now living through” [Timothy Geithner](https://sms4smile.com/quotes/author/timothy-geithner/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The quote highlights the unprecedented overlap of global economic and financial crises occurring together in our era. **In simple terms:** Many crises are happening at once now. Key Takeaway Recognize the scale and act collectively. Themes economics crisis globalization history policy Mood concerned urgent analytical Type political economic historical When to use this quote - government response - investment strategy - risk management - public communication - academic research Key Concepts macroeconomics systemic risk interconnectedness Questions to Reflect On - How can policymakers coordinate across borders? - What safeguards can prevent future simultaneous shocks? A Different Perspective Complex crises often have delayed effects and uneven impacts across regions. ★ ★ ★ ★ ★ No ratings yet [Confluence](https://sms4smile.com/quotes/about/confluence/) [Economic](https://sms4smile.com/quotes/about/economic/) [Financial](https://sms4smile.com/quotes/about/financial/) [Financial Turmoil](https://sms4smile.com/quotes/about/financial-turmoil-895350/) [Modern](https://sms4smile.com/quotes/about/modern/) [Modern times](https://sms4smile.com/quotes/about/modern-times/) [Money](https://sms4smile.com/quotes/about/money/) [Time](https://sms4smile.com/quotes/about/time/) [Turmoil](https://sms4smile.com/quotes/about/turmoil/) [Turmoil Living](https://sms4smile.com/quotes/about/turmoil-living-895351/) [World](https://sms4smile.com/quotes/about/world/) [World Simultaneously](https://sms4smile.com/quotes/about/world-simultaneously-551531/) ## Related quotes > [ “When I opened the last \[401k\] statement, I jumped out of the window. True, it was the kitchen window and I only fell two… ](https://sms4smile.com/quotes/celia-rivenbark/when-i-opened-the-last-401k-statement-i-jumped-out-of-the-window-true/) [Celia Rivenbark](https://sms4smile.com/quotes/author/celia-rivenbark/) > [I know what it feels like to hit financial turmoil, to be hit with the threat of losing your home. I kept working, I…](https://sms4smile.com/quotes/wayne-messam/i-know-what-it-feels-like-to-hit-financial-turmoil-to-be-hit-with-the/) [Wayne Messam](https://sms4smile.com/quotes/author/wayne-messam/) > [If you see the intersection of time and space, you experience complete freedom of being. This state of existence is completely beyond any idea…](https://sms4smile.com/quotes/dainin-katagiri/if-you-see-the-intersection-of-time-and-space-you-experience-complete/) [Dainin Katagiri](https://sms4smile.com/quotes/author/dainin-katagiri/) > [We live in a media world simultaneously obsessed with technology and personality.](https://sms4smile.com/quotes/eric-alterman/we-live-in-a-media-world-simultaneously-obsessed-with-technology-and/) [Eric Alterman](https://sms4smile.com/quotes/author/eric-alterman/) > [“Language, then, not simply as a list of separate things to be added up and whose sum total is equal to the world. Rather,…](https://sms4smile.com/quotes/paul-auster/language-then-not-simply-as-a-list-of-separate-things-to-be-added-up/) [Paul Auster](https://sms4smile.com/quotes/author/paul-auster/) > [My studies and my journey to succeed in the glamour world will go simultaneously.](https://sms4smile.com/quotes/manushi-chhillar/my-studies-and-my-journey-to-succeed-in-the-glamour-world-will-go/) [Manushi Chhillar](https://sms4smile.com/quotes/author/manushi-chhillar/) > [“We’ve gotten wind of a confluence.” Apollo set the folder on Quorum’s desk. Quorum pulled the folder over and flicked it open with his…](https://sms4smile.com/quotes/drew-hayes/we-ve-gotten-wind-of-a-confluence-apollo-set-the-folder-on-quorum-s/) [Drew Hayes](https://sms4smile.com/quotes/author/drew-hayes/) > [Performance art is really about the sociology of the artist, where ideas come from, and the confluence of those ideas.](https://sms4smile.com/quotes/roselee-goldberg/performance-art-is-really-about-the-sociology-of-the-artist-where/) [Roselee Goldberg](https://sms4smile.com/quotes/author/roselee-goldberg/) > [Im very disappointed that we missed our (earnings per share) growth target this quarter due to the confluence of a number of issues that…](https://sms4smile.com/quotes/carly-fiorina/im-very-disappointed-that-we-missed-our-earnings-per-share-growth/) [Carly Fiorina](https://sms4smile.com/quotes/author/carly-fiorina/) > [Is not every meanest day the confluence of two eternities?](https://sms4smile.com/quotes/thomas-carlyle/is-not-every-meanest-day-the-confluence-of-two-eternities/) [Thomas Carlyle](https://sms4smile.com/quotes/author/thomas-carlyle/) > [Something special can happen late at night in a jazz club. As the crowd thins, the musicians intuitively sense that those few who have…](https://sms4smile.com/quotes/patricia-barber/something-special-can-happen-late-at-night-in-a-jazz-club-as-the/) [Patricia Barber](https://sms4smile.com/quotes/author/patricia-barber/) > [Since we have been out of balance so heavily towards the male, it is going to be the feminine energy which will now move…](https://sms4smile.com/quotes/neale-donald-walsch/since-we-have-been-out-of-balance-so-heavily-towards-the-male-it-is/) [Neale Donald Walsch](https://sms4smile.com/quotes/author/neale-donald-walsch/) > [Thus I began my systematic though half-bewildered tour of Innsmouth's narrow, shadow-blighted ways. Crossing the bridge and turning toward the roar of the lower…](https://sms4smile.com/quotes/h-p-lovecraft/thus-i-began-my-systematic-though-half-bewildered-tour-of-innsmouth-s/) [H. P. Lovecraft](https://sms4smile.com/quotes/author/h-p-lovecraft/) > [I think Chicago people are very special people, and the Midwest's confluence of East Coast-meets-Midwest sensibilities had to, on a formative level, inform me…](https://sms4smile.com/quotes/daniel-sunjata/i-think-chicago-people-are-very-special-people-and-the-midwest-s/) [Daniel Sunjata](https://sms4smile.com/quotes/author/daniel-sunjata/) > [What business needs now is exactly what women are able to provide, and at the very time when women are surging into the work…](https://sms4smile.com/quotes/sally-helgesen/what-business-needs-now-is-exactly-what-women-are-able-to-provide-and/) [Sally Helgesen](https://sms4smile.com/quotes/author/sally-helgesen/) ## More by Timothy Geithner > [The plausible outcomes range from the gradual and benign to the more precipitous and damaging.](https://sms4smile.com/quotes/timothy-geithner/the-plausible-outcomes-range-from-the-gradual-and-benign-to-the-more/) [Timothy Geithner](https://sms4smile.com/quotes/author/timothy-geithner/) > [The choice is between which mistake is easier to correct: underdoing it or overdoing it.](https://sms4smile.com/quotes/timothy-geithner/the-choice-is-between-which-mistake-is-easier-to-correct-underdoing/) [Timothy Geithner](https://sms4smile.com/quotes/author/timothy-geithner/) > [If you don't try to generate more revenues through tax reform, if you don't ask, you know, the most fortunate Americans to bear a…](https://sms4smile.com/quotes/timothy-geithner/if-you-don-t-try-to-generate-more-revenues-through-tax-reform-if-you/) [Timothy Geithner](https://sms4smile.com/quotes/author/timothy-geithner/) > [The substantial uncertainty about the path of asset price movements going forward necessarily reduces the case for altering policy in advance of the move.](https://sms4smile.com/quotes/timothy-geithner/the-substantial-uncertainty-about-the-path-of-asset-price-movements/) [Timothy Geithner](https://sms4smile.com/quotes/author/timothy-geithner/) > [But what we're determined to do, and what the reforms will do is to make sure this system goes back to its core purpose…](https://sms4smile.com/quotes/timothy-geithner/but-what-we-re-determined-to-do-and-what-the-reforms-will-do-is-to/) [Timothy Geithner](https://sms4smile.com/quotes/author/timothy-geithner/) > [The recognition that things that are not sustainable will eventually come to an end does not give us much of a guide to whether…](https://sms4smile.com/quotes/timothy-geithner/the-recognition-that-things-that-are-not-sustainable-will-eventually/) [Timothy Geithner](https://sms4smile.com/quotes/author/timothy-geithner/) > [And I think it's a prudent, responsible way, given the scale of the emergency, the scale of the damage still facing America, that we…](https://sms4smile.com/quotes/timothy-geithner/and-i-think-it-s-a-prudent-responsible-way-given-the-scale-of-the/) [Timothy Geithner](https://sms4smile.com/quotes/author/timothy-geithner/) > [This crisis is not simply a more severe version of the usual business cycle recession, the typical downturn in which economies ultimately adjust and…](https://sms4smile.com/quotes/timothy-geithner/this-crisis-is-not-simply-a-more-severe-version-of-the-usual-business/) [Timothy Geithner](https://sms4smile.com/quotes/author/timothy-geithner/) > [This crisis exposed very significant problems in the financial systems of the United States and some other major economies. Innovation got too far out…](https://sms4smile.com/quotes/timothy-geithner/this-crisis-exposed-very-significant-problems-in-the-financial/) [Timothy Geithner](https://sms4smile.com/quotes/author/timothy-geithner/) > [We have parts of our system which are overwhelmed by regulation. It wasn't the absence of regulation that was the problem. It was despite…](https://sms4smile.com/quotes/timothy-geithner/we-have-parts-of-our-system-which-are-overwhelmed-by-regulation-it/) [Timothy Geithner](https://sms4smile.com/quotes/author/timothy-geithner/) > [The rest of the world needs the US economy and financial system to recover in order for it to revive. We remain at the…](https://sms4smile.com/quotes/timothy-geithner/the-rest-of-the-world-needs-the-us-economy-and-financial-system-to/) [Timothy Geithner](https://sms4smile.com/quotes/author/timothy-geithner/) > [The world is likely to view any temporary extension of the income tax cuts for the top two percent as a prelude to a…](https://sms4smile.com/quotes/timothy-geithner/the-world-is-likely-to-view-any-temporary-extension-of-the-income-tax/) [Timothy Geithner](https://sms4smile.com/quotes/author/timothy-geithner/) > [The government can help, but we need to make this transition now to a recovery led by private investment.](https://sms4smile.com/quotes/timothy-geithner/the-government-can-help-but-we-need-to-make-this-transition-now-to-a/) [Timothy Geithner](https://sms4smile.com/quotes/author/timothy-geithner/) > [I think we're not going to preserve Fannie and Freddie in anything like their current form. We're going to have to bring fundamental change…](https://sms4smile.com/quotes/timothy-geithner/i-think-we-re-not-going-to-preserve-fannie-and-freddie-in-anything/) [Timothy Geithner](https://sms4smile.com/quotes/author/timothy-geithner/) > [Looking past the immediate crisis, a more resilient system must be built on stronger and better designed shock absorbers, both in the major institutions…](https://sms4smile.com/quotes/timothy-geithner/looking-past-the-immediate-crisis-a-more-resilient-system-must-be/) [Timothy Geithner](https://sms4smile.com/quotes/author/timothy-geithner/) [Explore all 31 Timothy Geithner quotes ](https://sms4smile.com/quotes/author/timothy-geithner/) ## More Confluence quotes > [What business needs now is exactly what women are able to provide, and at the very time when women are surging into the work…](https://sms4smile.com/quotes/sally-helgesen/what-business-needs-now-is-exactly-what-women-are-able-to-provide-and/) [Sally Helgesen](https://sms4smile.com/quotes/author/sally-helgesen/) > [I think Chicago people are very special people, and the Midwest's confluence of East Coast-meets-Midwest sensibilities had to, on a formative level, inform me…](https://sms4smile.com/quotes/daniel-sunjata/i-think-chicago-people-are-very-special-people-and-the-midwest-s/) [Daniel Sunjata](https://sms4smile.com/quotes/author/daniel-sunjata/) > [Thus I began my systematic though half-bewildered tour of Innsmouth's narrow, shadow-blighted ways. Crossing the bridge and turning toward the roar of the lower…](https://sms4smile.com/quotes/h-p-lovecraft/thus-i-began-my-systematic-though-half-bewildered-tour-of-innsmouth-s/) [H. P. Lovecraft](https://sms4smile.com/quotes/author/h-p-lovecraft/) > [Since we have been out of balance so heavily towards the male, it is going to be the feminine energy which will now move…](https://sms4smile.com/quotes/neale-donald-walsch/since-we-have-been-out-of-balance-so-heavily-towards-the-male-it-is/) [Neale Donald Walsch](https://sms4smile.com/quotes/author/neale-donald-walsch/) > [Something special can happen late at night in a jazz club. As the crowd thins, the musicians intuitively sense that those few who have…](https://sms4smile.com/quotes/patricia-barber/something-special-can-happen-late-at-night-in-a-jazz-club-as-the/) [Patricia Barber](https://sms4smile.com/quotes/author/patricia-barber/) > [Is not every meanest day the confluence of two eternities?](https://sms4smile.com/quotes/thomas-carlyle/is-not-every-meanest-day-the-confluence-of-two-eternities/) [Thomas Carlyle](https://sms4smile.com/quotes/author/thomas-carlyle/) > [Im very disappointed that we missed our (earnings per share) growth target this quarter due to the confluence of a number of issues that…](https://sms4smile.com/quotes/carly-fiorina/im-very-disappointed-that-we-missed-our-earnings-per-share-growth/) [Carly Fiorina](https://sms4smile.com/quotes/author/carly-fiorina/) > [Performance art is really about the sociology of the artist, where ideas come from, and the confluence of those ideas.](https://sms4smile.com/quotes/roselee-goldberg/performance-art-is-really-about-the-sociology-of-the-artist-where/) [Roselee Goldberg](https://sms4smile.com/quotes/author/roselee-goldberg/) > [“We’ve gotten wind of a confluence.” Apollo set the folder on Quorum’s desk. Quorum pulled the folder over and flicked it open with his…](https://sms4smile.com/quotes/drew-hayes/we-ve-gotten-wind-of-a-confluence-apollo-set-the-folder-on-quorum-s/) [Drew Hayes](https://sms4smile.com/quotes/author/drew-hayes/) > [You know, one of these things that happened in the '60s and '70s was this confluence of, sort of, a counter-culture with computer culture.](https://sms4smile.com/quotes/walter-isaacson/you-know-one-of-these-things-that-happened-in-the-60s-and-70s-was/) [Walter Isaacson](https://sms4smile.com/quotes/author/walter-isaacson/) > [We will be looking at things like the confluence of a scene, and we still have all these creative decisions to make. In general,…](https://sms4smile.com/quotes/mitchell-hurwitz/we-will-be-looking-at-things-like-the-confluence-of-a-scene-and-we/) [Mitchell Hurwitz](https://sms4smile.com/quotes/author/mitchell-hurwitz/) > [“I'm prepared now to use the wonderful word confluence, which of itself exists as a reality and a symbol in one. It is the…](https://sms4smile.com/quotes/eudora-welty/i-m-prepared-now-to-use-the-wonderful-word-confluence-which-of-itself/) [Eudora Welty](https://sms4smile.com/quotes/author/eudora-welty/) > [Life, for the most part, inevitably becomes routine, the random confluence of timing and fortune that configures its components all but forgotten. But every…](https://sms4smile.com/quotes/jonathan-tropper/life-for-the-most-part-inevitably-becomes-routine-the-random/) [Jonathan Tropper](https://sms4smile.com/quotes/author/jonathan-tropper/) > [From the 9th to the 15th centuries, the area which is now modern Spain was home to the greatest peaceful agglomeration of cultures ever…](https://sms4smile.com/quotes/maya-beiser/from-the-9th-to-the-15th-centuries-the-area-which-is-now-modern-spain/) [Maya Beiser](https://sms4smile.com/quotes/author/maya-beiser/) > [“Confluence didn’t guarantee connection, and indeed could underscore its absence.”](https://sms4smile.com/quotes/mike-wallace/confluence-didn-t-guarantee-connection-and-indeed-could-underscore/) [Mike Wallace](https://sms4smile.com/quotes/author/mike-wallace/) [Browse all 41 Confluence quotes ](https://sms4smile.com/quotes/about/confluence/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Never before in modern times has so much of the world been simultaneously hit by a confluence of economic and financial turmoil such as we are now living through", "creator": { "@type": "Person", "name": "Timothy Geithner" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/timothy-geithner/never-before-in-modern-times-has-so-much-of-the-world-been/", "about": { "@type": "Thing", "name": "Confluence" }, "@id": "https://sms4smile.com/quotes/timothy-geithner/never-before-in-modern-times-has-so-much-of-the-world-been/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/51c/timothy-geithner-19996_confluence_never-before-in-modern-times-has-so-much_865249.png", "contentUrl": "https://sms4smile.com/quotes/i/51c/timothy-geithner-19996_confluence_never-before-in-modern-times-has-so-much_865249.png", "url": "https://sms4smile.com/quotes/i/51c/timothy-geithner-19996_confluence_never-before-in-modern-times-has-so-much_865249.png", "width": 1080, "height": 1080, "caption": "“Never before in modern times has so much of the world been simultaneously hit by a confluence of economic…” — Timothy Geithner", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Timothy Geithner", "item": "https://sms4smile.com/quotes/author/timothy-geithner/" }, { "@type": "ListItem", "position": 4, "name": "Never before in modern times has...", "item": "https://sms4smile.com/quotes/timothy-geithner/never-before-in-modern-times-has-so-much-of-the-world-been/" } ], "@id": "https://sms4smile.com/quotes/timothy-geithner/never-before-in-modern-times-has-so-much-of-the-world-been/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```