“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.”
“This recession should have been a major wake-up call for all businesses, but those institutions deemed “too big to fail” have also been allowed to be “too big to learn.””
Thomas J. Powell
“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.”
“A gene can be either dominant or recessive, depending on which type of gene it is.”
“Our leading indicator - the one that's never lied to us like the politicians - suggests only 23 percent probability of recession over the next 12 months, that's very low.”
“New Zealand is one quarter away from recession. The New Zealand dollar is firmly embedded in a long-term decline.”
“I'm not predicting a double-dip recession, but the odds of it have gone up. Instead of 5 percent, there's maybe a 15 or 20 percent chance of it now.”
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