Originated From
WalletPop

Liked this question? Tell your friends about it

Answers

Nouriel Roubini, an economist with generally negative views about the US economy, has said:

This will be a long, ugly and nasty U-shaped recession lasting at least 12 months and more likely 18 months, not the mild 6 month V-shaped recession that the delusional consensus expects.  While an L-shaped decade long economic stagnation is unlikely the recovery of the economy from this recession will be weak as the financial crisis and serious macro imbalances will lead to sub-par (below trend) economic growth for years to come.

(The Worst Financial Crisis Since the Great Depression)

So even on Roubini's pessimistic view, the recession probably would not last 3 years.  However, the recovery may be weak compared to previous upturns.

"Hello, Newman." "Hello, Jerry."

Related Questions

Other people asked questions on similar topics, check out the answers they received:

Asked: How will the Wall Street crisis effect state ...

How will the Wall Street crisis effect state retirement programs.

Asked: How will the present monetary crisis in the ...

How will the present monetary crisis in the United States affect the savings deposits and the one-year time deposits in pesos of Filipinos in the Philippines?

Asked: How would the stock crash affect finance jobs in ...

How would the stock crash affect finance jobs in the next 5 years?

Be The First To Answer

Other people asked questions on various topics, and are still waiting for answer. Would be great if you can take a sec and answer them

More Questions

My email recipient name will no longer autopopulate the name as I begin

Hi there: For assistance, please refer to the help article below. Why is the autocomplete feature in AOL Mail not working?

150 years of racism, decadence, and degeneracy....

Someone must have struck a nerve. Yeah, leftists have always been degenerate bigots. Maybe that is why no body respects leftists one little bit. Maybe that s why leftists all went wild with paranoia and live in terror that they are heading back to prison under the Three Strikes law Obatso is ...

Core exercises for 85 years old female

Yeah, I think it depends on the discussed person's condition. Anyway, I think yoga is suitable for senior people. The point is choosing the right poses. I think yoga poses for beginners would be suitable for her.

How do I get rid of firefox and restore Internet ...

Tips to fix Mozilla Firefox: 1. Open Firefox browser. Click on Tools, then Options, select Privacy. 2. Click “Remove individual cookies”. 3. In the Cookies panel, click on “Show Cookies.” Remove a single cookie click on the entry in the list and click on the “Remove Cookie button”. 4.To remove all ...