When do you think the economy will rebound?

Question

In six months

In a year

Too soon to tell

Answer 1

I complely agree with Nikolas  above outsourceing one of the major problems, causing unemployment and lowest wage growth in more than three decades.  

There are so many other problems right now.  Energy speculation by mutual funds, and Pension funds should be outlawed immediately, along w/outsourceing.  The price of oil has been partly made to go up by energy speculation.  As I write this our Presidential candidates throw baloney around about the economy and corporations, while the working class eats baloney.  This very minute Chase bank is advertising in the Phillipines for customer service jobs, google, or Yahoo it, and Coca-Cola just announced sending more jobs to India, but not a peep from our candidates.  Nielson Media Research, the T.V. ratings firm, doing much of its work in the Oldsmar-Clearwater, Fl. area had the gall, are you ready for this:  forget about outsourceing they insourced, bought foreign workers to Oldsmar, Fl. (not sure, around 200) and then asked the supervisors who they laid off to train them,,,,,,,,, talk about nerve.

Then you have the mortgage situation, out and out fraud perpetrated by the financials.  No doc loans led many to lie about their income, and lax lending, and outright lying by mortgage brokers (I am Lic R.E Broker, went for mortgage broker jobs during the boom, and refused to participate) telling their potential clients , hey don't worry about your adjustable loans, look how fast real estate is going up, you can sell your house, or borrow against it, when it adjusts in 3-5 years.  It was being fueled by investors, no regulation, previously there were four or five, maybe six mortgage types, one bank I know of had 137 mortgage programs at that time.  This will take years to fix past 09-10.

And failing banks, you'll be reading about them the next few years.

Inflation, w/o a living wage, this will bite into the rebound.

Now, having been thru recessions of 01, short rebound, about three years, then there was 91, about 4 years, and 79-80, about 4-5 years, and the ones in the seventies the same.  One thing differnt this time though.  Inflation for the homeowner, usually not all that bad.  Prices go up, so does the price of his home.  Not this time, first time since 1930's depression that home prices going down with inflation and unemployment going up, and jobs going overseas.

My guess is this will a very unique financial era, with parts of the country in outright depression, and parts of the country doing well, depending on the economic business done in the region.  Years from now this may change the demograpics of the country, with some states losing population, and others gaining, much like the 1930's changed America.

Too soon to tell the best answer, but this is the worst economic situation, for the U.S. since the 30,s with the gap widening between rich and poor.  I'm sorry, at the risk of getting the conservatives angry, it will take social programs putting Americans to work, at a living wage, and the nerve to refuse petro dollars from buying American companies, if those foreign companies pose any threat to American policy, or economics, that is the law in Austrailia.  Nielson, bringing in foreign workers, was a result of the co. being purchased, or partially purchased by a foreign corp.  

Unless widespread reform and regulation of Wall Street, the rich will get richer, and the poor will,,,,,,,,,,,,,have children.

Answer 2

It could take years or even decades.

Answer 3

Only when the American people wake up and force the government to put an end to business outsourcing.