I am Seetharaman.V, JEE developer. working in India. to be frank.. i am struggling lot in this recession(past one year).no on time money and etc...also now no energy . i am waiting for a rescue(good IT market) . and any idea about this recession end ?
According to what I just read it's going to end, more or less, next year in the US, and after two years in Europe. Since this probably is optimistic again, more realistic would be: In two years the US will recover and in four years Europe.
The recession will end when the surplus cash that is in the world markets finds a new focus. In the late 90's it was dot com, more recently it was real estate. Green energy looks like a strong contender for the next bubble and should not burst for the next 10-15 years or so when the biggest crash will happen because of baby boomers cashing out.
Personally I think the recession will end as soon as the media stops covering it. As long as people are scared about their futures they will hord thier money and not spend it. As soon as people relax and open thier wallets the economy will start to slowly come back. When will that happen? Only Obama knows (kidding)
One strange thing is that I am reading that the recession is deeper and longer in Europe then in the USA. I do not understand that since I think the start of all troubles was the overrated house market in the USA? Why should the crisis in Europe be deeper??
For the past two years I have been told that the housing market (for example) would pick up again in nine months. Assuming that the past is a guide to the future, I believe nine months from now is still the prediction, and will probably remain so for the indefinite future.