“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.”
“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.”
“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.”
“Two recessions in more than eighteen years is not a bad E.R.A. -- earned recession average. The bottom line is he did a very good job as Fed chairman.”
“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.”
“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.,”
“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.”
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