*how* will the economy recover in "4th quarter 2009", "by 2010", "3 years", etc?

[Deja Q]

Everyone says it will be all fine and dandy *then*.

What switch will be thrown that changes things overnight?

Or what seeds of change get planted so that, by the estimated time frame, all is well in the land?

Or are they pulling things out of their colons with no rhyme nor reason, these professional guessers?

[Warpy]

1. I think it's feel good rubbish.

The upper classes might see some sort of a rebound in investments by late in 2010, but the present rally is not going to last.

As for the rest of us as well as the country as a whole, we need investment here, rebuilding our infrastructure as well as a new energy infrastructure that doesn't depend wholly on fossil fuels.

Whether or not we get it is still moot. Until we do get it, this country will be home to a wealthy class and a lot of serfs with sporadic employment.

[deaniac21]

5. Rally? The dow is at 7300....

[Warpy]

6. Check out the graph from 1929 to 1935

for a hint of what rallies are all about in a market that hasn't bottomed out quite yet.

Yes, this is a rally. Nope, it's not going to last if history is telling us anything.

The only reason I'm guardedly optimistic about the end of 2010 is because we didn't get stuck with McCain, whose presidency and ideas would certainly have echoed Hoover's.

I honestly think we could see 4000 before this turns around again.

I just hope I'm wrong. I know how to be poor. I just didn't want to do it again quite so soon.

[deaniac21]

9. Congress enacts laws and they aren't doing anything about the

root of the problem and the treasury department is even worse. Hope the administration gets a handle on it SOON!

[Tierra_y_Libertad]

2. In much the same way that Miracle Gro is going to restore our hair.

All we have to do is BUY! BUY! BUY!

[DrDan]

3. so much is tied to the housing market

The new issue of Money (received mine today) broke maybe 125 markets into 3 categories - those with a short-term recovery (end-of-2009), medium term (mid-2010) and long-term (late 2011).

So . . . sounds like they are projecting a couple of years to get that issue underway across the U.S.

[leftstreet]

4. And 'recover' to what exactly?

Pre-financial 'crisis' was thus:

Wages stagnated to pre-1970 values.

Manufacturing jobs sector gone.

Healthcare costs enough to make you laugh to keep from crying.

Etc.

:shrug:

If this is what they're hoping we'll 'recover' - fuck em.
Let the whole system burn down.

[cabluedem]

7. Housing issues or not: No Jobs=No Recovery possible.

Where are all these "new" jobs (cough cough) going to come from? We are STILL bleeding our jobs away NOW.

[blues90]

8. Who knows where all these new job are or what they will be

or even who they will include/ We can't just invent new jobs out of thin air and we are not getting the old ones back.

We are left to compete with the rest of the globe for the same jobs.

[OhioChick]

10. You raise valid points in which I agree with. n/t

[roamer65]

11. The Chinese are beginning to dump the dollar.

http://www.atimes.com/atimes/China_Business/KC17Cb03.html