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Old 05-07-2020, 02:54 PM
 
Location: United States of Jerry Falwell
11,430 posts, read 5,315,717 times
Reputation: 9609

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A lot of people think this is going to be at least a 10-15 year ordeal much like the 1930s depression was. That's also assuming there are no other massive shocks to the system between now and recovery.

Do you think there's any chance that the economy recovers within five years or is this the real deal?
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Old 05-07-2020, 02:57 PM
 
80,166 posts, read 78,518,791 times
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Meh ....we have short memories ......no one can predict but my feeling is not a long recovery once we start rolling
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Old 05-07-2020, 02:58 PM
 
Location: Heart of flyover America
643 posts, read 255,042 times
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We're in the midst of a horrific long term economic decline. There won't even be an illusory recovery this time like there was after the last crisis. The good 'ol days of 2019 are never coming back. People need to wake up. Stop looking at pretty rainbows and look at the harsh reality.
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Old 05-07-2020, 03:03 PM
 
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There will be two camps here ...some see this as the Great Depression II .....NO ONE KNOWS WHO IS CORRECT and anyone who speaks like this can only play out the way they see are believing their own bull sh*t ....
The real deal is we just don’t know
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Old 05-07-2020, 03:12 PM
 
Location: United States of Jerry Falwell
11,430 posts, read 5,315,717 times
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Quote:
Originally Posted by Taggerung View Post
We're in the midst of a horrific long term economic decline. There won't even be an illusory recovery this time like there was after the last crisis. The good 'ol days of 2019 are never coming back. People need to wake up. Stop looking at pretty rainbows and look at the harsh reality.
15 years of economic ruin and misery is a pretty harsh reality. How much harsher can it get?

I'm hoping that boomer retirement opens up opportunities for younger generations and allows things to really get moving again.
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Old 05-07-2020, 03:18 PM
 
Location: On a Long Island in NY
7,794 posts, read 8,889,834 times
Reputation: 7290
Things aren't going to recover overnight like Trump and many Republicans are claiming but it won't take 5 years either. My guess is we will start seeing a significant turnaround in mid 2021 or early 2022. Yeah, things are going to be really, really bad for the next year or so despite Trump and his economic advisors peddling these fantasies about a return to full employment by July and other nonsense.
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Old 05-07-2020, 03:36 PM
 
Location: Omaha, Nebraska
8,813 posts, read 5,077,644 times
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Quote:
Originally Posted by bawac34618 View Post
Do you think there's any chance that the economy recovers within five years or is this the real deal?
The honest answer is that no one knows.
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Old 05-07-2020, 03:49 PM
 
Location: San Diego, CA
553 posts, read 432,839 times
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Quote:
Originally Posted by bawac34618 View Post
...I'm hoping that boomer retirement opens up opportunities for younger generations...
keep dreaming - I've been hearing that story for around 15 years now...Boomers love working and many of them will keep doing so until they keel over on the job. Maybe in ANOTHER ten years - then Boomers will be leaving the workforce toes up on a gurney.
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Old 05-07-2020, 03:51 PM
 
80,166 posts, read 78,518,791 times
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Originally Posted by GuyInSD View Post
keep dreaming - I've been hearing that story for around 15 years now...Boomers love working and many of them will keep doing so until they keel over on the job. Maybe in ANOTHER ten years - then Boomers will be leaving the workforce toes up on a gurney.
Many of those jobs will not need replacing ...
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Old 05-07-2020, 03:54 PM
 
Location: United States of Jerry Falwell
11,430 posts, read 5,315,717 times
Reputation: 9609
Quote:
Originally Posted by GuyInSD View Post
keep dreaming - I've been hearing that story for around 15 years now...Boomers love working and many of them will keep doing so until they keel over on the job. Maybe in ANOTHER ten years - then Boomers will be leaving the workforce toes up on a gurney.
That's about how long this depression is expected to last so....
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