Quote of the Day
In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.
You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets.
One argument goes that recessions are good for female artists because when money flies out the window, women are allowed in the house. The other claims that when money ebbs, so do prospects for women.
Recessions are the best time to start a company. Companies fail. Others hold back capital. If you are willing to do the preparation and work, it is the best time to invest in yourself and start a business.
In the last recession, 99 percent of us have lost wealth, but did you know that the top 1 percent increased their wealth five times? It tells you they create recessions so they get wealthier.
There will always be a business cycle, and white-collar workers will get hit in the next recession like they always do in recessions.
History is fickle. We know that. The good and bad come around and go around, and go around again. There are recessions and depressions and economic boom and bust.
A while ago I did a story comparing the change in employment rates in recessions in the U.S. and in Europe, and what I found was that America fired a lot of people and rehired a lot of people faster than Europe. That difference is disappearing, and that is a problem.
Recessions are hard on people, but they are not hard on art.
Not only does Hollywood make money - it seems to make better movies during recessions. I'm sure a lot of studio executives wish we could have one every year.
I sense very little appetite for green efforts to persuade people to accept a frozen or declining standard of living for the sake of the environment. Recessions remind us that economic retreat or stagnation is painful, whatever the goal.
I've been a radio and television news person since I was 19 years old. I'm 57 years old now. But the advantage is that I have studied, investigated, and reported over those years on nearly every major story from wars and recessions to grass roots local issues.
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