How deep and how long of a recession are we facing?

Posted by admin
recession
Goofoo asked:


How bad will the recession be at its peak? For how long will the recession last?

The person who comes closest to guessing it correctly wins an imaginary cookie.

Mike

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    • This entry was posted on Friday, July 24th, 2009 at 1:03 am and is filed under Finance. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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    No Responses to “How deep and how long of a recession are we facing?”

    1. Alby Says:
      July 25th, 2009 at 10:37 am

      The Depth and Breadth of the recession depends on if we just let businesses fail and then recover from zero. Or if we prolong the problem with partial solutions that end up yielding nothing in the end.

    2. cnralph Says:
      July 27th, 2009 at 11:07 am

      At about 2 years before we’re up to what we were. At it’s peak was about a month ago. Just before the election. When we had those days close together where the Dow closed at about 9k.

    3. aiaisir Says:
      July 28th, 2009 at 6:38 pm

      At its peak? I think it will last till 1st Quarter 2009.
      Hopefully the world economy will be stronger after that.

      it’s bad.

      World wide job-cuts, Lehman Brothers collapsed, Bail-out plans everywhere.

    4. bemmer71 Says:
      July 29th, 2009 at 2:14 am

      As soon as those Republican jacka$$es leave office the sooner we can get this country moving in the right direction !