“We saw the impact of the recession in 2002 and 2003, then saw a smaller decline in 2004. But in 2005, we started to see job increases, and that's a positive sign.”
Michele Hiester
“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
“Considering that we began this fiscal year impacted by a national recession and the tragedies of Sept. 11, fiscal 2002 has certainly exceeded our expectations.,”
Robert Toll
“I think we are in a recession. All the major indicators are not just declining, but have been declining for a while,”
Mickey Levy
“If these declines were part of the normal economic cycle we would now call for a recession in the U.S., but they aren't. The index is responding to a shock, and we expect it quickly to rebound.”
Ian Shepherdson
