Does anyone see this economy drop coming to an end???

Question

Best answer goes to best summary of their opinion. I won't play faves because I agree with you.

Answer 1

The US economy, like all economies, are cyclical, meaning that there will be booms and then there will be busts.  Probably a little more accurate is there will be economic expansions, and then there will be contractions or at least slow downs, like the one we're in now.  No one knows for sure exactly how long it will be until the economy starts to grow at a faster rate again, but it will.  Everyone in the media likes to think that it's the end of the world when we're in a recession, but it's just a normal part of the business cycle, it's nothing to be afraid of.  If you're an investor, during the slowdown is usually a good time to pick up shares of good companies that are down with the whole market, it's like you're buying them on sale.

Answer 2

What economy drop? The liberal media has you hoodwinked. Do you know what a recession is? It's at least 2 consecutive quarters of negative growth. Do you know how many quarters of negative growth we've had? None. Yes, none! Do you know what happened in the first quarter of 2008? Initial reports  of 0.6% growth which was recently revised UP to 0.9% growth. Has the growth slowed down? Yes. But it is still growing. So do I see this economy drop coming to an end? Yes I do if it ever starts.

Answer 3

The recessions in 1819, 1837, 1857, 1860, 1865, 1869, 1873, 1882, 1887, 1890, 1893, 1895, 1899, 1902, 1907, 1910, 1913, 1918, 1923, 1926, 1929, 1937, 1945, 1948, 1953, 1957, 1960, 1969, 1973, 1980, 1981, 1990, and 2001 all ended (with an average duration of 17 months).  This one will end, too.

Some people insist that a recession is two consecutive quarters of negative GDP growth.  They are wrong.  See explanation from the National Bureau of Economic Research (the custodians of the recession/expansion chronology)

http://www.nber.org/cycles/recessions.pd...

Answer 4

There are still too many unresolved problems in our economy that indicate this financial crisis will continue for some time still.  Specifically, the housing crisis is still resulting in a tightening of credit and financial institutions are closing their doors.  Secondly, the greedy oil refineries are continuing to increase the costs for fuel as the demand for it continues to grow.  And last but not least, the war has drained our economy and our government is continuing to borrow money from China and other countries at unprecedented rates.   Looks like it will be at least another 12 months or more before we see any improvement.