How long you think the credit crisis will last?

Personally..... there is no recovery and this is just the begging of the end. The world is changing. We are in troubles as the money go to China and sooner or later we are going to live in a world of total unemployment and depression with the only good place China and India for jobs.





Some say things will be alright after 5 years, some say 2 years but I believe there is no way out|||You are wrong in some ways as far as the economy goes


#1 The worlds economies are changing on a daily basis


#2 With banks around the world reporting record losses


#3 China is not doing much better than any other country because as long as people are not spending money on new products they will soon be in the same boat as we are,( exports declining) the only difference is that they have 2 trillion dollars in reserves to stabilize their economy to weather the financial storm that has wrecked havoc on the the rest of the world. In this type of economic downturn there will be no country immune from the type of global depression that is unfolding by the hour. It will effect everyone in every country in the world and it will take some time to restore confidence in the economies of the world .


It will take all world leaders to join in unity as one to to confront what was once just a United States problem. In the end I see a new world economy that will change the way this nation does business with all nations.As for the credit crisis there will be no relief until the banks stabilize and recoup the massive losses that continue to effect the loan industry. It will not be before at least spring of 2009 at the earliest before the credit crisis starts to rebound.|||We can start a recovery when the MEDIA stops sensationalizing gloom and doom! I think a whole lot of the non recovery from all the govt attempts is due in part to the MEDIA.|||people don't even watch the media|||There is a way out, there is always a way out. Personally, I'm against most bail outs, they are just propping up institutions and practices that were faulty to begin with. These things want to fail -- let them, the strong and properly built institutions will survive and get stronger. That's what we are seeing now, the governments are putting band-aids on the situation and they are not sticking! I know this is painful, but this is how all the junk gets cleaned out of the economy.





My financial adviser says nobody really knows where the bottom is, but he is guessing 18 to 24 months. In 36 months, things should be looking really good - and strong.