CREDIT CRISIS POLL: When is the credit crunch going to end?

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#1 Post by **totalmotorcycle** » Mon Dec 15, 2008 9:28 pm

CREDIT CRISIS POLL: When is the credit crunch going to end?

Q. When is the credit crunch going to end? It began in late 2007 in the USA with the Sub-prime NINJA loan defaults, then spread from Main Street to Wall Street, then the world. When do you think it will end and the world will go back to "normal"?

With the world now in credit crisis mode, the stock markets bearish and oil and gas prices uncertain as jobs what will the future hold? I thought it would be interesting to have a poll based on your current thoughts and plans for the future.

Thanks for sharing your opinion!

Mike

#2 Post by **aw58** » Mon Jan 05, 2009 10:43 am

Just hope we can all stay ahead of it.
Disaster for many with loss of Woolworths, and others in Administration -Adams - Waterford Wedgewood, not to mention the car industry on the bones of its backside.
And good companies in trouble as a result of Nogin the Nogs banking system collapsing in Oct.

Danger is Countries look to war as an answer to a beleaguered economy.

With the Roman Empire economy in trouble in the 400's the Barbarian tribes pushed in to take what they needed to maintain their standard of wealth as Rome had been trading with her neighbours. History has had a nasty habit of repeating itself (regrettably because of human nature).

Well that left me in a cheery mode.

ps I voted 2011.

#3 Post by **blues2cruise** » Tue Jan 06, 2009 5:30 pm

I'm thinking the second half of 2010.....after all the money comes pouring from the Olympics we should be back in the black.

#4 Post by **sv-wolf** » Sun Jan 25, 2009 10:26 am

Haven't the faintest idea! Predicting economic trends is a sure way to get egg on your face (even for so-called 'experts.'). But I'm hedging my bets and digging in for a long one.

Yeah aw. Woolworths was a crappy shop but it's been on the local high street as long as I can remember and has left a big hole in it now. Adams has gone here, too.

My home town is unusual in that it still has lots of small specialist shops and not so many big chains.

The local CD shop went bust a couple of months ago. Several art galleries have gone in the last week. An upholsterers and a shoe shop have also closed down. Apart from that, a lot of other shops are discounting like mad trying to keep afloat. I don't like to think how many small businesses will go under if things go on as they are. I used to own a small bookshop and was knocked out of business in the early nineties during the last recession, so I know how it feels.

I heard this morning on the news that domestic power supply sales are down by 10%. How many old people will get hypothermia this winter?

But what the hell! Recessions, large and small have been happening every ten years all round the world since the 1830s. If anyone thought there wouldn't be another one, then perhaps this is a hard lesson not to believe the pompous pronouncements of so many fatuous politicians.

#5 Post by **blues2cruise** » Sun Jan 25, 2009 6:17 pm

The recession or credit crunch or whatever you want to call it did not deter people from attending the motorcycle show. They showed up in droves....the facility had to open more parking on a couple of grassy (albeit frozen) areas to accomodate the masses.

The person I know who has a motorcycle school sold more courses than ever before. Ans apparently the bike dealers at the show sold more bikes than ever.

There was no sign of any recession there this year.
The only recession around here seems top be in my bankl account.

#6 Post by **MZ33** » Tue Jan 27, 2009 10:22 am

I'll be very surprised if it has a definite end. I suspect it will be a long, slow, uphill trudge. I really think things were on the decline for a lot of people well before the recession officially hit. When will it begin to end? Egads, I have no idea.