Q: When Will the Recession be Over?
Don't ask me. I don't know. And I don't think anyone knows. All anyone can do, expert or layman, is venture a guess, be it an educated guess or a wild guess, anyone's guess is still a guess.
This excerpt is from the new York Times:
Last Tuesday, Ben Bernanke, the chairman of the Federal Reserve, predicted that 2010 “will be a year of recovery.” On Friday, Americans learned that the gross domestic product fell 6.2 percent in the last quarter of 2008, suggesting that the recession may be deeper than anticipated. So when, exactly, will the misery end? When can we expect to see the economy turn around? The Op-Ed editors asked 11 experts to hazard a guess.
Would it surprise you if the 11 so-called experts have wildly different answers but all have one thing in common: they are all guessing.
So many variables come into play in this economic quagmire we're in that it is really an unfair question to ask when will it be over. Suffice it to say, it won't be over soon, seems to be the consensus, meaning count 2010 and beyond as recession years.
You may have to sign up for the NYT to read the link below (it takes only a few seconds to sign up) but it is well worth it.
Just remember the still resounding words of one expert: "The fundamentals of our economy are sound."
When will the Recession be Over?
Posted at 4:10 PM | Issues | Comments (0)
