jb
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No ,this is just the start |
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zee11
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gonna get a lot worse before it get any better |
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AMP2003
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No, its not over, but i don't think the press help with negative views
xmas will go ahead as normal, and people will spend, the first two weeks of January will be busy for retailers, with sales etc. Then, it will get quiet, i don't think it will be as bad as people are making out thou |
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COLIN T
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Seen the worst of it? I rather think we are only in the early stages and that it is going to get a lot worse yet, and i do mean a lot! |
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firstquality72
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Over? Just in your dream :). This will take time at least 5 years from now. |
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miss young
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i haven't really been affected with it (i do have a home with mortgage) but it really doesn't help with the news and the papers talking about it all the time making everyone worry. |
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Aw G
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It has hardly started yet.
It will be 12-18 months until we see the end to it.
Before that there are a lot more businesses going to go down, in the UK jobless will hit about 3m. House repossesions will increase etc etc
Nowhere near the worst yet.
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ARTmom
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No-its not over. It will be 1-2 years I'm sure but I do think you will see some changes in the spring. This is not a predictable thing-no one knows for sure. |
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luludoodie
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UK reply.
Not finished. Not really started yet! At the very least all of 2009, I expect it to run into 2010 and probably only first signs of a recovery in 2011 by which time real (as opposed to fudged up and hidden by the politicians) unemployment will be 3 million!
Woolworth's and MFI's administration are just the first ones to fail. After Xmas when the retail market will drop like a stone they will be falling like flies.
Housing market values are going to drop by at least another 15%. There are several large house builders who aren't going to survive in their present form.
As a nation we have been living beyond our means for many years on tick but the politicians were scared to do what was necessary (as it needed vote losing measures) so they just let it get worse!
Now the medicine is going to be painful, except it won't as Brown is still more interested in votes than cure!
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VLW
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Recession's can last from 4-9 months to years. This one is not over and the Treasury/FED policy (in my opnion) have made it worse. Unemployment will rise in the next 3-6 months, peaking at 8+%.
It is possible the New President will make the mistake Hoover/Roosevelt made in the 30's, that is keep Capital out of the USA because of poor policies. This one could last 2-3 years. Real Estate has to be flushed out, Credit/Debt has to be flushed out. Debtor Nation status must be flushed out.
Something to remember and be encouraged about, the USA is still the envy of the world and we can still solve any problem put to us. |
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PENWESTERN
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We are in for the long haul unless we can bring some high paying jobs back to the USA. People are still being let go in my neighborhood. People are falling into poverty as taxes do not go down with the down economy.
We're in for a long pickle. Thanks Bush! |
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