Lookin for some HISTORICAL insight not just mere speculation(although that is welcome too I suppose) as too how much longer this recession will last. I know after 9/11 it went downhill, how long did that go for? Hoping some old timers will respond, thanks.


-Slipped

 

This is totally different from any other event anyone has experienced. I am a "victim of 9/11" (as the unemployment office put it) and I am still looking for a flying job. Fortunately I have a "regular" job that allows me time to search. The best advise I can give you is to start researching more economic type web sites instead of aviation sites. Here are a couple I frequent:

zero hedge | on a long enough timeline, the survival rate for everyone drops to zero

The Market Ticker

This one gets some interesting "theories/conspiracies", but occasionally they get a good nugget of info. I think it's basically a bunch of people sitting around finding the latest news from various sites and then adding their 2 cents. Read it with a grain of salt:

Overview of Global Meltdown topics on AboveTopSecret.com

http://www.abovetopsecret.com/forum/109/pg1/srtpages

From what I read and research about where we are as an economy, it doesn't look good for some time. It appears the main stream media is pumping "it is over/green shoots" and we have recovered. I think this is because they want Obama to succeed. People in the know say it is just starting with several bad things looming like the commercial real estate bubble which is about to pop and be worse than the last real estate bubble that started all this. Basically, we are waiting for the other shoe to drop. You never know. Maybe there is a miracle out there that will turn everything around. Do your research and make your own decision. I kind of think you out of work guys should get a job, any job, and hold on to it.

How long? The great depression lasted almost 10 years or so before WW2 pulled us out of it.

 

I didn't realize if we were around for 9/11 we were old timers now, I'm gonna go cry in a corner

 

Yeah thats just what we need...another war.

 

The recession is nearly, if not already, over from a stock market technical standpoint.

Employment, on the other hand? It will be many, many years...

 

We did bomb the moon the other day, we finally won a war!

 

If you really look deep into it, the stock market is being artificially inflated by the Fed, so it is an artificial recovery. We are also buying our own bonds and monetizing the debt. That was one reason the dollar dropped and gold shot through the roof last week. It's complicated. I think that is another reason the MSM doesn't say much about it. It reminds me of the trick of spinning multiple plates hoping that one doesn't crash.

 

Don't forget about the (false) report in the British newspaper The Independent that the Chinese, Russians, OPEC countries & others had met to discuss dropping the dollar as their reserve currency...a story that 1. has been played at least once a year since I've been paying attention this decade and 2. is given a little more credibility now because of the dollar printing press you mentioned earlier.

 

Unless we have merely "awakened a sleeping giant and filled him with a terrible resolve" (Admiral Yamamoto).

 

Although everyone involved denied the report, everything I have been reading says that where there is smoke there is fire. One analyst is prediction $5000 oz for gold soon!

Peter Schiff Sees Gold At $5,000 | zero hedge