Nathaniel Branden Quotes

The upward economic movement in America has undoubtedly reached its end – the crisis has come.

Depression is the aftermath of credit expansion.

The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War.

I think when the bottom started to drop out, we didn't recognize it.

I'd be kidding if I said that I predicted the financial collapse.

How much would you pay to avoid a second Depression?

You could argue that Barack Obama faced in '08 a situation as bad as any president since the Great Depression. What Obama inherited from the Bush administration, we all remember, was just an absolute global catastrophe.

We have the worst revival of an economy since the Great Depression. And believe me: We're in a bubble right now.

A recession is when your neighbour has to tighten his belt. A depression is when you have to tighten your own belt. And a panic is when you have no belt to tighten and your pants fall down.

My daughter asked me when she came home from school, "What's the financial crisis?" and I said, it's something that happens every five to seven years.

The patient that's on the floor with the cardiac arrest is not Wall Street. It's the American economy.

A recession is when a neighbor loses his job. A depression is when you lose yours. And recovery is when Jimmy Carter loses his.

This crisis is not simply a more severe version of the usual business cycle recession, the typical downturn in which economies ultimately adjust and stabilize.

The entire economy, of course, is locked in a down cycle right now. Last time we weathered this was during another Bush presidency in '90. We were locked in it for a year and a half and everyone came out of it.

When I was born, the economy wasn't in a great state; it was the Depression, and my father had to be quick to try and find work.

Commercial distress in any great business center will the more surely create widespread disaster.

This recession is the deepest in our lifetimes, the deepest since 1929. If you take the people thrown out of work in the 1982 recession, the 1991 recession, the 2001 recession, not only is this bigger, this is bigger than all of those combined.

The public is even more pessimistic about the economy than even the most bearish economists are.

Nationalization, unmentionable only yesterday, has entered common usage not least because an even scarier word - depression - is next on America's list to avoid.

We are inheriting the worst financial system since the Depression. We're inheriting a situation - when people go back and study major banking crises a quarter century from now, the one that America developed in 2007 and 2008 is going to be one of those crises.

Rarely in modern times has there been such a revolution in commercial sentiment as occurred in 2008, or such a display in government and business of panic and helplessness.

It's a recession when your neighbor loses his job; it's a depression when you lose yours.

America had been a boom-and-bust economy going into the Great Depression - just over and over and over, fortunes were wiped out, ordinary families were crushed under it.

Once upon a time my political opponents honored me as possessing the fabulous intellectual and economic power by which I created a world-wide depression all by myself.

A recession is a period in which you tighten your belt. In a depression, you have no belt to tighten. In a panic you have no pants left to hold up.