Business Cycle Quotes

All we can thus far say about the duration of the units of [the business cycle] and each of [its] two phases is that it will depend on the nature of the particular innovations that carry a cycle, ... and the financial conditions and habits prevailing in the business community in each case. ~ Joseph A. Schumpeter

Inflation is lower and more stable and the real business cycle fluctuations are more modest. ~ Martin Feldstein

Bottom line. All companies are in business to make money, but being successful at it is not the reason why things change so drastically. That only points to a symptom. Without understanding the reason it happened in the first place, the pattern will repeat for every other company that makes it big. It is not destiny or some mystical business cycle that transforms successful ~ Simon Sinek

There are stories - legends, really - of the "steady job." Old-timers gather graduates around the flickering light of a computer monitor and tell stories of how the company used to be, back when a job was for life, not just for the business cycle. ... The graduates snicker. A steady job! They've never heard of such a thing. ~ Max Barry

No one has the right to not assume that the business cycle will turn! Every five years or so, you have got to assume that something bad will happen. ~ Jamie Dimon

In New Classical theory, periods of declining employment - business cycle downturns - may be caused by an unexpected decline in aggregate demand, which leaves workers mistakenly holding out for nominal wages that exceed the new market-clearing level. ~ George Akerlof

Not every business cycle has a financial crisis. Frequently they do. ~ Kenneth Arrow

There is no evidence that the business cycle has been repealed. ~ Alan Greenspan

For policy makers interested in using tax policy to stimulate investments or especially to smooth business cycle fluctuations, the results are not promising. ~ Austan Goolsbee

The recent evidence increasingly suggests that an economic expansion is already well under way, although an array of influences unique to this business cycle seems likely to moderate its speed ~ Alan Greenspan

Had Volcker never pushed through his radical change in policy, the world would be many bond traders and one memoir the poorer. ~ Michael Lewis

In the classic old business cycle, there would be a diminution in sales; it would take a little while for this information to reach corporate headquarters. And there would be an inventory pileup. And then - bam - businesses would react, sometimes violently, by cutting production. ~ Alan Blinder

The periods of unemployment accompanying depression in the business cycle ... present a challenge to all our claims to progress, humanity, and civilization. ~ Samuel Gompers

Reagonomics - a blend of monetarism and fiscal Keynesianism swathed in classical liberal and supply-side rhetoric - is in no way going to solve the problem of inflationary depression or of the business cycle. ~ Murray Rothbard

In many ways the effect of the crash on embezzlement was more significant than on suicide. To the economist embezzlement is the most interesting of crimes. Alone among the various forms of larceny it has a time parameter. Weeks, months, or years may elapse between the commission of the crime and its discovery. (This is a period, incidentally, when the embezzler has his gain and the man who has been embezzled, oddly enough, feels no loss. There is a net increase in psychic wealth.) At any given time there exists an inventory of undiscovered embezzlement in - or more precisely not in - the country's businesses and banks. This inventory - it should perhaps be called the bezzle - amounts at any moment to many millions of dollars. It also varies in size with the business cycle. In good times people are relaxed, trusting, and money is plentiful. But even though money is plentiful, there are always many people who need more. Under these circumstances the rate of embezzlement grows, the rate of discovery falls off, and the bezzle increases rapidly. In depression all this is reversed. Money is watched with a narrow, suspicious eye. The man who handles it is assumed to be dishonest until he proves himself otherwise. Audits are penetrating and meticulous. Commercial morality is enormously improved. The bezzle shrinks.

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Just as the boom accelerated the rate of growth, so the crash enormously advanced the rate of discovery. Within a few days, something close ~ John Kenneth Galbraith

The president has very little effect on the economy. If you want to put blame or credit, the main person who influences the business cycle is the head of the Federal Reserve Bank. ~ Robert Fogel

This crisis is not simply a more severe version of the usual business cycle recession, the typical downturn in which economies ultimately adjust and stabilize. ~ Timothy Geithner

The ad industry isn't struggling for a new set of principles or abandoning the ones that made it great from the start. It's simply in the midst of a business cycle. I don't think it's more profound than that. And despite the economic downturn, I'm having more fun today than at any other moment in my 30-year advertising career. The game is more interesting and more relevant than ever. ~ Rochelle B Lazarus

Adam Smith's 'invisible hand' is not above sudden, disturbing, movements. Since its inception, capitalism has known slumps and recessions, bubble and froth; no one has yet dis-invented the business cycle, and probably no one will; and what Schumpeter famously called the 'gales of creative destruction' still roar mightily from time to time. To lament these things is ultimately to lament the bracing blast of freedom itself. ~ Margaret Thatcher

Repeal the entire Banking Act of 1933, and Austrian School economists will cheer, especially if the current system were replaced by a 100%-reserve competitive banking with no central bank. That banking reform would give us a sound money system, meaning no more business cycle, bailouts, or inflation. ~ Llewellyn Rockwell

The steel business is a local business. We do believe in the U.S. economy and would like to have a strong, balanced presence here. ~ Alexei Mordashov

A small businesses ability to gain an edge for a profitable niche is not by just focusing on the dynamic market gap, but by identifying a market within the gap. ~ Wayne Chirisa

Several years ago we added "my pleasure" to the manners chart after we read the book How Did You Do It, Truett? by S. Truett Cathy, founder of Chick-fil-A. In it, Mr. Cathy tells how he studied the methods of five-star hotels and found that workers are required to say "My pleasure" instead of "You're welcome" when being thanked for something. In essence, one is saying, "Thank you for giving me the pleasure of serving you," and not, "Yes, it was such a sacrifice on my part. You're welcome." He found a direct link between business success and employees learning to treat costumers with the utmost courtesy and respect, and that was one of the principles he adopted for all Chick-fil-A workers. ~ Jill Duggar

Good comes to those who lend money generously and conduct their business fairly. - Psalm 112:5 ~ Gary Chapman

Increasingly, the winners in today's business environment are those companies that know how to leverage complexity and exploit it to create competitive advantage. ~ Yves Morieux

I love what I am doing. I have a wonderful business. I have a wonderful television show that's doing - continues to do phenomenally in the ratings. I mean, it's been really a lot of fun. ~ Donald Trump

We see what a punishing business it is, simply being alive. ~ Sarah Waters

I am a very hands-on person, and I like to be involved in driving my business. ~ Baba Kalyani

Everything is technocratic - the development of expertise - and everything is ultimately justified in technocratic terms. Elite schools like to boast that they teach their students how to think, but all they mean at this point is that they train them in the analytic and rhetorical skills that are necessary for success in business and the professions. ~ William Deresiewicz

I was a weirdo to want to be in show business. Most kids wanted to be teachers or nurses. ~ Nell Carter

My reason for getting into the film business was a Spider-Man comic called 'The Night Gwen Stacy Died' when I was a kid; it changed my life. ~ Chris Columbus

Growing up in a business-orientated family meant that I naturally learnt the tricks of the trade. ~ Anne Robinson

I am so secure in who I am. I really am! And I'm not conceited. I just think, 'Wow, okay, that's the life you want to live.' It wasn't about who he chose. I mean, I had moments, 'Am I not sexy enough? Am I not pretty enough? Am I not smart enough?' But in so many of those questions, I immediately stopped and said, 'No, don't start doing that.' Because you can get stuck in that cycle and you can carry on to other things. ~ Eva Longoria

Being scared doesn't move you forward~ it only holds you back ~ Nina Montgomery

Every person has the inherent right to "self-proclaim"
to announce, at any time he chooses, that he is on any level he chooses to be on. ~ Robert Ringer

I've married a man who owns nine cows," said Jinjur to Ozma, "and now I am happy and contented and willing to lead a quiet life and mind my own business."
"Where is your husband?" asked Ozma.
"He is in the house, nursing a black eye," replied Jinjur, calmly. "The foolish man would insist upon milking the red cow when I wanted him to milk the white one; but he will know better next time, I am sure. ~ L. Frank Baum

DB: There's a lot of talk about terrorism. In fact, it's become almost an obsession for the media in the United States. But it's a very narrow definition of terrorism.
AR: Yes. It completely ignores the economic terrorism unleashed by neoliberalism, which devastates the lives of millions of people, depriving them of water, food, electricity. Denying them medicine. Denying them education. Terrorism is the logical extension of this business of the free market. Terrorism is the privatization of war. Terrorists are the free marketeers of war - people who believe that it isn't only the state that can wage war, but private parties as well.
If you look at the logic underlying an act of terrorism and the logic underlying a retaliatory war against terrorism, they are the same. Both terrorists and governments make ordinary people pay for the actions of their governments. Osama bin Laden is making people pay for the actions of the US state, whether it's in Saudi Arabia, Palestine, or Afghanistan. The US government is making the people of Iraq pay for the actions of Saddam Hussein. The people of Afghanistan pay for the crimes of the Taliban. The logic is the same.
Osama bin Laden and George Bush are both terrorists. They are both building international networks that perpetrate terror and devastate people's lives. Bush, with the Pentagon, the WTO, the IMF, and the World Bank. Bin Laden with Al Qaeda. ~ Arundhati Roy

These deep thinkers were the only people he could not stand to be around for long, these people who'd never manufactured anything or seen anything manufactured, who did not know what things were made of or how a company worked, who, aside from a house or a car, had never sold anything and didn't know how to sell anything, who'd never hired a worker, fired a worker, trained a worker, been fleeced by a worker - people who knew nothing of the intricacies or the risks of building a business or running a factory but who nonetheless imagined that they knew everything worth knowing. ~ Philip Roth

Death is the beginning of life as life is the beginning of death, and all floods start a movement that cycle from scouring to sediment building. The same sediments that build also bury. ~ Paul H. Yarbrough

All glory comes from daring to begin ~ Eugene F. Ware

Alone, and start to think. There are the rushing waves ... mountains of molecules, each stupidly minding its own business ... trillions apart ... yet forming white surf in unison. Ages on ages ... before any eyes could see ... year after year ... thunderously pounding the shore as now. For whom, for what? ... on a dead planet, with no life to entertain. Never at rest ... tortured by energy ... wasted prodigiously by the sun ... poured into space. A mite makes the sea roar. Deep in the sea, all molecules repeat the patterns of one another till complex new ones are formed. They make others like themselves ... and a new dance starts. Growing in size and complexity ... living things, masses of atoms, DNA, protein ... dancing a pattern ever more intricate. Out of the cradle onto the dry land ... here it is standing ... atoms with consciousness ... matter with curiosity. Stands at the sea ... wonders at wondering ... I ... a universe ~ Richard Feynman

I have always been paranoid about waking people up. When I was younger and would come home late, I would take about twenty minutes to get from the driveway into my bed. I tiptoed up the walk, slid my house key in the door very slowly, took my shoes off outside, and crept upstairs to the bathroom like a burglar. Often I wouldn't even flush until morning, preferring to let my business simmer overnight rather than wake somebody up with the sound of it zooming through walls on its way out of the house. ~ Neil Pasricha

The most common form of sacred space to the witch is the magick circle. The circle is a symbol of the infinite and finite. It is everything and nothing. It is the Ouroboros, the serpent eating its own tail, symbolic of the never-ending cycle of creation and destruction, birth and death, and a symbol of the cosmos without beginning or end. ~ Mat Auryn

People who have never run even a modest little business assert with great certainty and indignation that heads of multinational corporations are paid much more than they are worth. People who know nothing about medicine and nothing about economics unhesi. ~ Thomas Sowell

The process of creativity and life is one of death and rebirth, that's constantly happening over and over again. Whether it's an actual death or just a shift in perspective, that cycle is forever continuing. As an actor and person, that's just something you have to accept. ~ Seth Gabel

For the next hour, the subject of Pandora's board game business was discarded as the group worked on the sandcastle. They paused at intervals to drink thirstily from jugs of cold water and lemonade that had been sent down from the house. Pandora threw herself into the project with enthusiasm, consulting with Justin, who had decided the castle must have a moat, square corner towers, a front gatehouse with a drawbridge, and battlement walls from which the occupants could drop scalding water or molten tar onto the advancing enemy.
Gabriel, who'd been instructed to dig the moat, stole frequent glances at Pandora, who had enough energy for ten people. Her face glowed beneath her battered straw hat, which she had managed to pry away from Ajax. She was sweaty and covered in sand, a few escaped locks of hair trailing over her neck and back. She played with the unselfconscious ease of a child, this woman of radical thoughts and ambitions. She was beautiful. Complex. Frustrating. He'd never met a woman who was so wholly and resolutely herself.
What the devil was he going to do about her? ~ Lisa Kleypas

To have a healthy and thriving business, there must be healthy relationships with the C.E.O.S. in the organization and I'm not referring to the Chief Executive Offficers. I am talking about the Customers, the Employees, the Owner (or stockholders), and the Suppliers. ~ James Hunter

Figure 5: Business Situation Framework Note: Bolded items are relevant in a higher percentage of cases. ~ Victor Cheng

What is taking place here should be made very clear: Citizens who are completely innocent of any legal wrongdoing and simply minding their own business--not seeking any litigation and neither convicted nor accused of any legal infraction, criminal or civil--are ordered into court and told to write checks to officials of the court or they will be summarily arrested and jailed, Judges also order citizens to sell their houses and other property and turn the proceeds over to lawyers and other cronies they never hired. Summoning legally unimpeachable citizens to court and forcing them to empty their bank accounts to people they have not hired for services they have neither requested nor received on threat of physical punishment is what most people would call a protection racket. . . Yet family court judges do this as a matter of routine. This is by far the clearest example of what we political scientists term a "kleptocracy," or government by theives. ~ Stephen Baskerville

Columbia Business School even has a term for it now. They call it "honest overconfidence" and they have found that men on average rate their performance to be 30 percent better than it is. ~ Katty Kay

There is so much uncertainty out there, and the government in Washington doesn't seem to get it. What's needed is a new business environment. ~ Rob Portman

When you're starving or wrapped up in a cycle of binge-ing-and-purging, or sexually obsessed with (someone), it is very hard to think about anything else, very hard to see the larger picture of options that is your life, very hard to consider what else you might need or want or fear were you not so intently focused on one crushing passion. I sat in my room every night, with rare exceptions, for three and a half years ... ~ Caroline Knapp

People talk about the businesses of the future needing to be more agile and more responsive if they are to be successful. But this requires a deep change in the way organisations work. ~ Andrew Curry

A model should be as simple as it can be but no simpler ~ Albert Einstein

I routinely make trips to China and India where we have offices to continue to maintain the linkages that are necessary to run a successful business. ~ Douglas Leone

To those who value words of affirmation, criticism feels like a knife in the heart. ~ Paul E. White

There has been a seismic shift in the business world. The great classical business principles still hold true but they need to be fused with cutting edge internet technology. ~ Harvey MacKay