Do ouls think that we gonna experience a disastrous recession just like in year 1997 again?

Question

share your thoughts with me hokeyzzz

Answer 1

i don't think it will be as bad as 1997 financial crisis because at that time only affected South East Asia and all the banks nearly close down and many companies in M'sia and Korea declare bankrupt and share market keep on tumbling until the value of the shares become worthless, so don't worry

Answer 2

Scary...but not likely ......!!!

Too many factors at stake

1) Most financial Intitution wont allowed it to happened imagine credit card user owing billions in debts are unable to meet up with repayment..intrest building up...ghee!!!

2) Recession means losing job slowing down ....who going to service the loan...stand still

3) Measure are drawn up by the Govt. to prevent it hapenning perhaps a slight melt down will be felt.