Is this crisis ending soon...are things on the way up...are governments around the world doing enough with stimulus projects...have we reached bottom and are things looking better?.....is it as bad as people are making it out it be....The unemployment rate in the USA is just around 9%....during the great depression it was around 25% that were unemployed...
Current economic crisis....bottomed out yet?...
- Thread starter Civickiller80
- Start date
Jagger69
Three lullabies in an ancient tongue
No....but if the industry in which I ply my trade is exemplary of the economy in general, the bottom is closer than some might think. We're seeing a few indicators that things may be about ready to start shifting so I think you'll see an upturn begin sometime late spring or early summer. Sure hope so....
Nope. There's still major companies that can go out of business and majorly affect the economy negatively. :yinyang:
It's looking like the CRASHING IMPLOSION is coming to an end. SLOW signs of progress are happening. I think new unemployment filings dropped last week. The Stock Market is in a "small" bull rally. We went straigh down from 9000 pts to 6500 pts. I'll feel a lot more comfortable when the DOW hits 8500 pts. That's my *recovery* level. The "Market", allegedly, is a forward-looking indicator for the economy.
There is a very small light at the end of the tunnel right now in my business. But it still will be a tough ride until 3rd or 4th quarter of this year. Hopefull 2010 will start on a brighter note.
2008 = Runaway train.
2009 = teeter totter.
2010 = recovery city. Or play fallout3 to see a preview of the devastation.
Honestly, so many people.. so much confusion.. such high expectations that the American dream will return. In full force.I say less of a waiting game.. more of a powder keg. Shit might just hit a huge fan. We'll find out. ::rolls eyes and waits it out::
2009 = teeter totter.
2010 = recovery city. Or play fallout3 to see a preview of the devastation.
Honestly, so many people.. so much confusion.. such high expectations that the American dream will return. In full force.I say less of a waiting game.. more of a powder keg. Shit might just hit a huge fan. We'll find out. ::rolls eyes and waits it out::
I see that the Dow Jones has been on an upswing this week....is this a sign of things to come....
PlasmaTwa2
The Second-Hottest Man in my Mother's Basement
The freefall has ended, but things are still going to get worse before they get better. We aren't on the bottom yet, but it is in sight.
tartanterrier
Is somewhere outhere.
I still think there is still worse to come.So i'm expecting it to get better in a couple of years 
I think it is still going to get worse and then hopefully pick back up around 2010/2011
we have a long way to go. its gunna still drop significantly. till much after we finally boot obama out of office.
The way things are being handled, if the economy recovers soon, it will be through no fault of our government!:tongue:
ChefChiTown
The secret ingredient? MY BALLS
The situation isn't as bad as everyone would like to think it is in the first place. No, we haven't bottomed out because things can still get worse. That doesn't that they will get worse now or even in the near future, but they can get worse.
Violator79
Take a Hit, Spunker!
I don't think it has yet, but I'm not worried. We're Americans. We're tough, we're resilient, we'll get through it.
Which leads me to my next point:
We Got Through It
Which leads me to my next point:
We Got Through It
Will the economy get better? Yes it will eventually, but that isn't necessarily saying much. Better than now isn't that hard. Things cycle somewhat. Are we going to have the problems fixed or go back to the way things used to be in America at it's economic height? No, we aren't. We might never get to that point ever again, and at the rate we are going we won't.
There will be some things and some aspects America is never going to recover from. What most people don't realize is that through the last three or four decades we are sort of going through a paradigm shift, and not in a good way. Slowly the normal rules the economist thought would work for the economy are either no longer applying like the used to or didn't happen like they should have. In other parts we were either lied to or used to fuel the growth of the rich. So while we will eventually get "better" than now, at least for a time, the standard that we rise up to will continually get lower each time something like this happens, and more people will get screwed over by it than the last time. I hope most of the people get used to lowered expectations, and continually lowered expectations until we fundamentally change the way our economy and society function on a national and maybe worldwide level. While some people will recover, what needs to be understood is that there will be some that won't and they will just be added to the people that weren't able to recover from last time. Unfortunately, those that get screwed the most and won't be able to recover will be the poorest among us, and then it's going to start working it's way up and is going to get more people. In some ways the "recovery" will be worse than actually getting worse. Because at least if it keeps getting worse people will have to realize what's going on instead of getting fooled into thinking it's getting better, and will be forced to eventually do something about it.
There will be some things and some aspects America is never going to recover from. What most people don't realize is that through the last three or four decades we are sort of going through a paradigm shift, and not in a good way. Slowly the normal rules the economist thought would work for the economy are either no longer applying like the used to or didn't happen like they should have. In other parts we were either lied to or used to fuel the growth of the rich. So while we will eventually get "better" than now, at least for a time, the standard that we rise up to will continually get lower each time something like this happens, and more people will get screwed over by it than the last time. I hope most of the people get used to lowered expectations, and continually lowered expectations until we fundamentally change the way our economy and society function on a national and maybe worldwide level. While some people will recover, what needs to be understood is that there will be some that won't and they will just be added to the people that weren't able to recover from last time. Unfortunately, those that get screwed the most and won't be able to recover will be the poorest among us, and then it's going to start working it's way up and is going to get more people. In some ways the "recovery" will be worse than actually getting worse. Because at least if it keeps getting worse people will have to realize what's going on instead of getting fooled into thinking it's getting better, and will be forced to eventually do something about it.
