nathan-dts said:
Reaperman Wompa said:
nathan-dts said:
Reaperman Wompa said:
That. Worst thing is when I'm old enough to work we'll still be in a recession or in the middle of it.
The economy will have stabled by the time I get a job (currently 14). I expect the recession to last a maximum of 3 years (I'll be at college then and only have a part time job which won't be to hard to find) to a minimum of 2 years.
Not really, more like 5 years. Though it will have started to get better by the fourth year we're going to have to deal with this for more than 3 years, not including rebuilding of the economy.
No I disagree, I believe that it won't take long to rebuild the economy after we've stabilized it.
Well you believe wrong because its going to take a hell of a lot longer to become stabilised before it begins to rebuild. Have a look at the spiralling redundencies coming from huge companies that have been knocked silly. The intrest rates completely bottoming out and mortgage lending at a standstill. Foriegn investment and foreign workers leaving and how weak the pound has got. This will not begin to run around for another 6-10 years I fear. I believe that is the grim reality faced by many.
On the other hands my folks won a huge sum on the lottery and I have savings. Now I can afford to get on the property ladder in the next 12/18months and my parents investments will mature in five years with some fantastic rates being offered by banks. Funny atm they need the money. This crisis couldn't have come at a better time for me and my family.
