Credit Crunch ? When will it be over? x

Question

When will the credit crunch be over? :D x

Answer 1

2010...........but restrictions will apply...........

Answer 2

24 - 30 months!!!

Answer 3

As a mortgage professional I am always asked questions about the impending doom of our current financial system. More so now then ever before with the first bank failure of this market down turn and the 2nd ever in history, the challenges that we face today as a society is 100 times worse then what people may have experienced during the Great Depression in the 30s. How do we overcome these hurdles?

Stop buying everything on credit!!!!!

Answer 4

Good answers...despite the fact that Hank Paulson predicted 'recovery by the end of the year' - he is taking advantage of the fact that you can't actually quantify the credit crunch, therefore measuring it is entirely subjective.

http://www.thecreditcruncher.com/2008/07...

My feeling is that collective Government efforts have been trying (in vain) to stave off the effects of the current crisis for at least the last two years, so it is likely to take two years to find it's natural low-point and begin recovery.

Be mindful though, if you want to know when it's over, you will need to know exactly what parameters you are using to gauge the crunch.

Oil prices?

Interest rates?

Negative Equity?

The dollar price?

http://www.thecreditcruncher.com/2008/07...

None of these are the credit crunch, but might be used as indicators - rest assured that politicians will use whatever statistics prove their point....