Rock Legends 1973 - 2009
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When humans stop spending more than they earn, and/or borrowing more than they can realistically afford to repay! |
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upurs
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When we have finished paying the price for our 'over indulgence' |
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rennickelizabe
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the sooner the better |
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stile_usm
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to be honest, i havent felt the credit crunch yet. maybe thats because i dont have credit. |
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bluecow
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Never in a million years...as long as there's credit ....like bread and butter. |
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planetmatt
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It won't. What we are seeing now is the end game in the failure of Keynesian Economics and the belief that spending is the answer to any financial crisis. The more the government interferes, the worse it will get as more and more businesses will have government control or public ownership which will make life even harder for the remaining private companies.
We need a full return to Austrian Economic policy whereby the market is allowed to balance itself out. |
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Mephisto
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'US' sounds like a flock of sheeple.
I am not in that flock and never will be.
Never, people don't learn, everyone wants a bailout |
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me and you today
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They say it will last even until next year 2009 or 2011 Autumn...theres no telling when it will completely stop. |
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navi
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Forecast is about 2011. But I am hoping that it will make people think twice before taking on credit. So for many knowing what may lay ahead the crunch may never leave them. |
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andy
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Hopefully never, what caused this latest economic downturn was that the Federal Government was forcing banks and financial institutions into making credit too easy to get. We need a balance between easy credit and debt to income ratios. |
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Thomas S
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It to hard to say but propably end within late 2009, and then thats when the oil crunch is going to happen |
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Obzi
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Don't worry, it'll be gone by next tuesday.
Then we're due to get:
The mortgage massacre
The banking break up
The economy explosion
The financial fallout...
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Nick J
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When the goverments put prices down again as the greed of them and companies putting prices up has generated the "credit crunch" so now they've messed up the world economy they're frantically cutting tax and prices to avoid the public voting them out of power.
Of course the big global companies can easily put prices down and still get billions of pounds of profit so sadly the nutshell answer to your question is:
"Whenever they decide its over and the media stop scaremongering"
In the grand scale of things I wouldn't let it affect your life too much, its way too short to worry about the fat cats of this world.
Nick |
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Silverine08
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As soon as the 'recession' that we are supposed to not be going into defeats its sceptics and finally bites in. |
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