How long do you think it will take before the economy starts to stabilize?

The economy is bad! People I know got laid off. Friends' 401K become 201K (cut in more than half of what if was six months ago).

Sure hope that things will change soon. But judging from what has been happening and the terrible stock market performance, I wonder how long will it take before the economy starts to simply stabilize?

 

IMO it would be a good couple of years yet, well here in the UK things are still getting worse.

 

I'd say 1 1/2 years to stabilize, then another 2 years to get some ground

 

A million years, at least.

 

I think at least it wont be better in 2009, maybe 2010 or 2011

 

The economy hasn't bottomed out yet and it's expected to continue getting worse for another 2-3 years. That's what I've been hearing anyway.

 

yeah, and I still say a million years

 

well maybe not if they go to one world currency

 

Unless Oblama gets some help in figuring out how to use the stimulus plan and the foreclosure plan it could be a couple more years. He really doesn't have a handle on things yet and it doesn't appear he has the people with the knowledge to implement a really solid bailout plan.
donrock

PS: Do you Twitter? I just joined and would like to follow and get followers that are into the internet and real estate like I am. Please follow me at twitter.com/donrock1 and I will immediately follow you. Thanks!

 

Todays newspaper just shows it geting worse!!!! Here in da USA it'll take a Republican president to fix it!! *ducks* So...not for four years!!!!!

 

A few years, maybe.

I don't study economics. So I have no idea about economy, how this stuff happen, etc

- ads2help

 

I expect no change in 2009...I hope in 2010 it will start to stabilize

 

Now that Bush is gone and Obama is on it, I'm assuming that it would be soon, but with people like Paris Hilton, on a spending spree, claiming it helps the economy.....I don't think so.....
What little Ms. Hilton does not understand is ONLY the rick labels bosses make money out of her spendings.... the Common Man still starves....

 

There is no good news for the economy this year (2009) and the later part of 2010 may show some improvements. That's my guess, btw...

 

The present crisis is precipitated by the lack of confidence in the general public and banking institutions, at large..

This kind of loss always takes time and hence time would be the only factor which will be able to restore confidence amongst the people..

Let us hope things would improve...at least by early 2010..

Regards,

RightMan

 

I think the economy will improve after many years, we shouldn't forget what happened in the '30,some say that this is just an effect of that crisis,so let's pray that we won't end up like then

 

I think it will be at least two years time