Dictionary De - En
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De - Pt| Proverbs, aphorisms, quotations (English) | by Linux fortune |
| It's a recession when your neighbour loses his job; it's a depression when you lose yours. -- Harry S. Truman | |
| Listen, there is no courage or any extra courage that I know of to find out the right thing to do. Now, it is not only necessary to do the right thing, but to do it in the right way and the only problem you have is what is the right thing to do and what is the right way to do it. That is the problem. But this economy of ours is not so simple that it obeys to the opinion of bias or the pronouncements of any particular individual, even to the President. This is an economy that is made up of 173 million people, and it reflects their desires, they're ready to buy, they're ready to spend, it is a thing that is too complex and too big to be affected adversely or advantageously just by a few words or any particular -- say, a little this and that, or even a panacea so alleged. -- D.D. Eisenhower, in response to: "Has the government been lacking in courage and boldness in facing up to the recession?" | |
| Recession is when your neighbor loses his job. Depression is when you lose your job. These economic downturns are very difficult to predict, but sophisticated econometric modeling houses like Data Resources and Chase Econometrics have successfully predicted 14 of the last 3 recessions. | |
