There will be a global recession.
-Nobel Prize-winning economist Myron Scholes
The worst is yet to come.
-HongKong Billionaire Li Ka-Shing
The economy has really shown one sign after another of weakening.
-Harvard University Professor Martin Feldstein
The US, Japan the 15-nation euro area and UK are either in recession or face significant recession risks in the months ahead.
-Goldman London-based international economist Binit Patel
The housing market downturn in the US and the parts if Europe, the lingering effects of high oil and commodity prices, the credit crunch and the global stock market correction will slow the world economy to a pace not seen since 2003.
-Global Insight Managing Director Sara Johnson
It was a massive failure of the brains of the economy. There was a party going on and the regulator with the same mindset of those in the party didn't want to be a party pooper.
-Columbia University Professor Joseph Stiglitz
I think we are probably in a worse situation from the standpoint of the real economy and the financial system.
-Pacific Investment Management Co. Fund Manager Paul McCulley
The financial storm that started last year has not yet subsided, creating one of the most challenging economic enviroments in memory
-Fed Chairman Ben Bernanke
Inflation has peaked but credit markets are still under stress. If we believe inflation has peaked and is coming down, and the credits stress is peaking, that is the time to buy equities.
-Lehman Brothers chief Asia equity strategist Paul Schulte
The fallout of the credit crisis will continue to dampen the global economy over the next 24 months, with sharply escalated oil and food prices beginning to test inflation expectations. Opportunities may be limited in such a scenario.
-Singapore Temasek Chairman Dhanablan
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