(Closed) Who else is sick of the global economic depression? When will it end?

posted 6 years ago in The Lounge
  • poll: Your thoughts about the global economic situation
    It's getting better already : (6 votes)
    14 %
    I too see no end in sight, right now : (14 votes)
    32 %
    It isn't as bad as you say, you're exaggerating - cheer up! : (5 votes)
    11 %
    Other : (2 votes)
    5 %
    & it's personally affecting me at this time : (9 votes)
    20 %
    & I'm not personally affected by it at this time : (7 votes)
    16 %
    My cat's breath smells like cat food. : (1 votes)
    2 %
  • Post # 4
    Member
    1684 posts
    Bumble bee
    • Wedding: May 2014

    That’s quite the loaded question!

    And unfortunately I don’t have a solid answer, even though I get the question almost daily at work.

    Here’s cliff notes on my response:

    1. Things are improving, especially domestically (USA).  Markets are close to pre-crisis levels.

    2. However there are a lot of volatility in the future.  Another wave of foreclosures, the economic slowdown of China, political and economic trouble in Europe, and the fiscal cliff could derail the global economy once again.

    3. Any action by the Fed will be useless at this point (they wasted the last bullet in their gun on QE3).

    4. A double dip recession is unlikely, but keep your money slightly safer than you otherwise would.

    Post # 7
    Member
    1684 posts
    Bumble bee
    • Wedding: May 2014

    It’s my job :).

    Spread levels are at pre-crisis levels, and markets are range bound, which pretty much means that investors are waiting to see what happens with the Fiscal Cliff.

    Corporations outperformed this year due to improved earnings and strong fundamentals.  It’s predicted that those fundamentals will deteriorate next year as companies have been adding risk to pick up yield.

    The housing market has continued to post more positive than expected numbers, and the hardest hit areas are recovering.  going into the end of the year, it’s estimated to drop off, but that seasonal.

    Unemployment is still high, but that’s slowly been improving as well.

    Basically, nothing is getting worse.  In fact things are slowly getting better.

    That isn’t to say that one of the things I mentioned in the prior post couldn’t happen to derail it.

     

    Post # 8
    Member
    10601 posts
    Sugar Beekeeper
    • Wedding: January 2011

    Things are bad in areas, but good in others.  I think it was actually a good thing for this region.  The boom was actually doing some harm to people, and stores were reducing their hours because they couldn’t get enough workers to cover their normal shifts.  While the growth of the housing market slowed down, prices haven’t really decreased at all.  There have been some negative aspects here, but no where to the same extent as it has in other regions and countries.

    The topic ‘Who else is sick of the global economic depression? When will it end?’ is closed to new replies.

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