“We went into recession in March [2001], and in April we had our first decline in payrolls. Firms responded really quickly to the downturn, and we don't see any reason why they won't respond quickly to the upturn as well.”
Melanie Jani
“The recession started upon my arrival. It could have been—some say February, some say March, some speculate maybe earlier it started—but nevertheless, it happened as we showed up here. The attacks on our country affected our economy. Corporate scandals affected the confidence of people and therefore affected the economy. My decision on Iraq, this kind of march to war, affected the economy.”
George W. Bush
“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.”
Peter Lynch
“This in some terms has been one of the mildest recessions on record, ... but it has been a severe recession by business standards and by the standards of the industrial sector.”
Gail Fosler
“Either you have a big adjustment like a 20 percent or 30 percent decline, or you have a big recession or you have a slow decline in property prices or several years of no growth.”
Andy Xie
“I think we are in a recession. All the major indicators are not just declining, but have been declining for a while,”
Mickey Levy
“Recessions usually last about a year. That would place the end around March or April.”
Sam Burns
