Does anybody actually know when this credit crunch thing will be over???

Question

im getting so sick of it now!

Answer 1

another 50 years or so  

Answer 2

I think it's going to be around for a long time, gas and petrol suppliers arent showing any sings of really dropping their prices, and morgage rates arent going to just tumble, i reckon it's going to be years not months, we all need pay rises.

Good luck!

Answer 3

If anyone did, they would be sought after by the exchange markets so that they could place orders for surges and drops and make a boatload of money!

Credit is nothing more than trust that a person or company will repay their obligations. When money is scarce it increases the difficulty and spending is more scrutinized. When there is plenty to pass around then the credit is less of a problem. When advancements are made that will allow for more spendable income you will see the relaxation of money. But when billions upon billions are expended on weapons to keep us and the rest of the world safe, it costs us money that would otherwise be used for spaceflight, and infrastructure improvements, among other ideas that benefit the masses.

Answer 4

May 12th, 2009

Answer 5

Analysts are predicting no change for the next 2 -3 years, I'm afraid...

Answer 6

No one actually knows, but you may expect an other 2 years, with 2009 to be the worse. After 2010 all will get back to reasonable normal. Housing market will go down further. Unemployment higher. USA Debt higher. Many states face financial problems.Derivatives is the next big hit, i.e. huge losses for financial institutions.

The Federal Government has no money to bail out any one.