View Poll Results: When would the financial crisis end?

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  • In a few years

    10 25.64%
  • 21 December, 2012

    6 15.38%
  • Up to 5 years

    5 12.82%
  • Up to 10 years

    7 17.95%
  • When we blow ourselves to kingdom come

    1 2.56%
  • Not in our lifetime

    5 12.82%
  • Somewhere over the rainbow

    5 12.82%
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Thread: End of the financial crisis?

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    End of the financial crisis?

    Now, we entered the 5-th year of the financial crisis, if not more. Imho, no light in tunnel so far.

    So, how long would it take?

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    Re: End of the financial crisis?

    Quote Originally Posted by Canell View Post
    Now, we entered the 5-th year of the financial crisis, if not more. Imho, no light in tunnel so far.

    So, how long would it take?
    Crashes end when you find bottom and then start to rebuild. So far the things that have not hit (or been allowed to hit) bottom yet are:

    1. The US Housing Market
    2. The US Auto Industry
    3. Southern Europe
    4. China


    I hope you don't intend on retiring any time soon.

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    Re: End of the financial crisis?

    Quote Originally Posted by cpwill View Post
    So far the things that have not hit (or been allowed to hit) bottom yet are:

    1. The US Housing Market
    Wait, didn't Mr. Bernanke promised to prop up the housing market with $40 billion monthly?

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    Re: End of the financial crisis?

    IMO progress will improve but be slow for three or four more years and then return to better times for an extended period. I think we will learn from what we have suffered and must still for quite a time.

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    Re: End of the financial crisis?

    We're looking at a (real) mild recovery, maybe better, later.

    Home pricing are starting to rise again, the employment rate is slowly going up, stock market is improving.
    Things are getting better, it just takes time.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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    Re: End of the financial crisis?

    Soon Europe is going to go into a recession and growth in the US will slowdown. My bet is that in 2014 Europe will return to slow growth and US will start to grow faster. By then Europe should have gotten their deficit down, America hasn't but they don't really need to.

    Then we will experience another crisis in 2018-2020 which will involve Japan. Japan's debt is going out of control, and will be forced to cut the deficit and default on their own citizens soon. This will be disastrous for Japan, but I am not certain how this will affect the rest of the world. I think it will increase the bond yields in America, which will force US to cut the budget. Also China will get affected as Japan and the US are close trading partners. This in turn will affect Europe who never really solved their problems, they just muddled through and pooled debt.
    Last edited by Camlon; 09-15-12 at 10:04 AM.

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    Re: End of the financial crisis?

    Quote Originally Posted by Harry Guerrilla View Post
    Things are getting better, it just takes time.
    So is the US debt at around 16 trillion now.

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    Re: End of the financial crisis?

    Quote Originally Posted by Canell View Post
    So is the US debt at around 16 trillion now.
    Ya, but so what.
    Government debt isn't the same as household debt and while it doesn't need to get out of control, we can inflate some of it away.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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    Re: End of the financial crisis?

    Quote Originally Posted by Canell View Post
    Wait, didn't Mr. Bernanke promised to prop up the housing market with $40 billion monthly?
    hence the housing market will limp along for years, never really recovering.

    which is fine with me, i intend to buy a house here in about 3 years. it just sort of sucks for the other 300 million Americans.

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    Re: End of the financial crisis?

    Quote Originally Posted by Harry Guerrilla View Post
    Ya, but so what.
    high debt reduces growth and instability.

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