Sunday, November 29, 2009

Experts Predict Long Road Out of Recession

US economics experts are predicting a long, slow road out of the Great Recession that began in 2008. Even as some parts of the United States are beginning to claw their way out of the hole, the nation as a whole is still in some of the worst financial doldrums in its history. People are still out of work or only partially employed, consumers are still buying less, and banks are still hesitant to lend money on a large scale. Still, the stock market has begun to fight its way back out of the dark hole it was in at the beginning of the year and corporate profits appear to be strengthening significantly. Experts believe that this recovery will be similar to the one that took place in the early 1980s. Long, slow, painful... but no total collapse/doomsday scenario!

Read some mo': Lessons from ‘80s don’t bode well for economy





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