"Call me cynical. This Depression talk is just outrageous - especially from people who didn't have the slightest sense that any of this was coming."
--Money Manager John Hussman, 10/6/08
"Obama Dismisses Great Depression Talk"
--headline of an ABC News report, 12/7/08
"It's a reminder that this is not the great depression. This is a legitimate recession and it's clearly not over yet. We're going to get more weakness for sure in Q1. But, again this is not the great depression."
--UBS economist James O'Sullivan, 1/30/09
"It all depends on the rate at which the economy contracts. This is not a depression. We're not going to get close to that."
--Economic forecaster Sean Snaith, Director of the Institute for Economic Competitiveness, 1/31/09
“2009 is going to be brutal. But it’s not that bad...It’s not a depression. … This is sort of a normal, bad downturn.”
--Chris Thornberg, co-founder of Beacon Economics and former UCLA economics professor, 1/28/09
"We're in a recession, not a Depression."
--from a Washington Times op-ed by syndicated columnist Suzanne Fields, 1/15/09
"We're not going to have a depression. There ain't gonna be no depression."
--Bank of New York Mellon Chief Economist Dick Hoey, 1/13/09
"No Depression; This Time, Uncle Sam Has Got Our Back"
--Washington Post op-ed by Laurence J. Kotlikoff, professor of economics at Boston University, and Perry Mehrling, professor of economics at Columbia University's Barnard College, 10/9/08
"It looks like the economy may go down somewhat, but nothing like a big recession or a depression."
--Bill Gates, Microsoft founder, 10/5/08
"Are we headed into another Depression?...Answer: No."
--Tim Leach, chief investment officer of US Bank's Wealth Management Group, 12/5/08