It's a recession when your neighbor loses his job; it's a depression when you lose yours.


Quoted in The Observer 13 April 1958


It's a recession when your neighbor loses his job; it's a depression when you lose yours.

It's a recession when your neighbor loses his job; it's a depression when you lose yours.

It's a recession when your neighbor loses his job; it's a depression when you lose yours.

It's a recession when your neighbor loses his job; it's a depression when you lose yours.