Funny quote by Ronald Reagan

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Recession is when a neighbor loses his job. Depression is when you lose yours
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"Recession is when a neighbor loses his job. Depression is when you lose yours"

- Ronald Reagan

About this Quote

This quote by Ronald Reagan is a powerful reminder of the effect of economic slumps on people and neighborhoods. It highlights the distinction between an economic crisis as well as a clinical depression, with an economic crisis being a period of economic decline that influences a great deal of people, while a clinical depression is an extra serious financial downturn that affects a much larger variety of individuals. The quote emphasizes the personal nature of financial recessions, as it suggests that an economic crisis is when a next-door neighbor sheds his task, while a depression is when you lose your own. This quote serves as a reminder that economic downturns can have a disastrous impact on individuals as well as neighborhoods, which it is essential to be aware of the potential repercussions of economic slumps.

About the Author

Ronald Reagan This quote is written / told by Ronald Reagan between February 6, 1911 and June 5, 2004. He was a famous President from USA, the quote is categorized under the topic Funny. The author also have 93 other quotes.

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