“To apply the Western standard of recession is not appropriate in Japan.”
“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.”
“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.”
“This is a very unusual recession in that the consumer did not collapse and incomes are in the black,”
“He [Greenspan] is going to say we're not in a recession, but the risks are very, very high,”
“It's not great by any means, but it's very far from a recession level.”
“Yield-curve inversions do not necessarily mean a recession, but they're usually tied to slowdowns.”
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