Evan Davis Quotes
For years, we've grown dependant on American consumers as the world's spenders of last resort. They've kept Europe out of recession, allowed China to industrialise, and prevented global deflation. But at the same time, they've not been looking after their own futures.
Quotes to Explore
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Many who resort to crime ultimately can't read or write.
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Deflation is defined as a general decline in prices, with emphasis on the word 'general.'
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The sources of deflation are not a mystery. Deflation is in almost all cases a side effect of a collapse of aggregate demand.. a drop in spending so severe that producers must cut prices on an ongoing basis in order to find buyers.
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Sector-specific price declines, uncomfortable as they may be for producers in that sector, are generally not a problem for the economy as a whole and do not constitute deflation.
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...I spent many, many hours in...libraries. Libraries became courts of last resort, as it were.
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There are some people who would have it politically convenient to have a recession because that means they would have a political advantage. We are not going to let that happen, ... By moving that tax cut early and having it in time to kick this economy up and get it going, we are not going to let that happen.
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Nevertheless, amid the greatest difficulties of my Administration, when I could not see any other resort, I would place my whole reliance on God, knowing that all would go well, and that He would decide for the right.
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The man who spends his time choosing one resort after another in a hunt for peace and quiet will in every place he visits find something to prevent him from relaxing.
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You know, I think of the global economy as an inverted triangle, resting on the shoulders of the American consumer. And if the American consumer cannot have enough disposable income in order to maintain a standard of living that creates more opportunities generation after generation, that's bad for everybody.
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Until the Fed lets us have a real recession, as painful as that may be, we are never gonna have a recovery.
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The risk is that as we come out of this recession, we'll have so much debt to finance, we'll either have to have inflation or very high interest rates to continue to borrow the money, or both. That's a risk.
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A recession is when you have to tighten your belt; depression is when you have no belt to tighten. When you've lost your trousers - you're in the airline business.
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That was how it was designed. It wasn't a last resort. It was designed to be a run.
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In China anything less than 6% growth is a recession meaning that it also causes financial problems and it's disruptive and it's a problem.
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Just like in medicine, when the normal medicine no longer works, one resorts to surgery. And the revolutions is like the surgery: It's painful, and it's the last resort for nations.
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When spirituality is the basis of your life, it gives you the strength, wisdom and courage to surmount the many storms of life that could destroy a weaker person who doesn't have this foundation.
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Only in America can someone start with nothing and achieve the American Dream. That's the greatness of this country.
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Numerical precision is the very soul of science.
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I like physical exercise. I actually like sports in general. I really like snowboarding and playing soccer, too.
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But I, for one, am not interested in a harmless truth or a harmless God. Give me a truth that works, and a God who makes me tremble.
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For years, we've grown dependant on American consumers as the world's spenders of last resort. They've kept Europe out of recession, allowed China to industrialise, and prevented global deflation. But at the same time, they've not been looking after their own futures.
