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When do you think the current economic crises will end? Will everything ever return to normal?
Some people think this is a blip that will right itself, others think it is the end of an era. What do you think?
I think it signals a decline for the USA in terms of being a major economic power so yes, the end of an era. So I do not think it will end - for the US, unfortunately - as many, many actions of American citizens caused the crisis itself. Denial abounds but reality prevails.
Personally I think the world is going to be in turmoil for a long time to come still with what the economies are concerned. Why? Beause of people that made us believe they are taking the right decisions. I think if we havent been lead to believe that their was nothing wrong until it was to late we could've started to do something along time ago to prevent this situation that the economy finds itself in. Luckily their are opportunities out their that are "recession proof". Just have to look hard to find them. But then again you know about one such opportunity. :-). Keep the good questions and hubs coming mate.
To your success
Economies will rise and fall and right now the Western economic situation (led by the US) is in turmoil and likely to continue on it's path towards complete economic collapse. The signs are there and government's failure to act in a responsible way early on have brought this upon us. Perhaps this was needed though... the age of individualism brought about by Thatcher and Reagan back in the 80s has been the cause of much of this, driving greed and personal gain ahead of community and some would say society.
My only regret is that the big families who own most of the world's wealth are again unlikely to feel the impact of this as much as those of us in the trenches..
Thank you for your input guys.
I think the financial turmoil will end, but not for a long time yet, possibly 20 odd years or so.
I am becoming more and more convinced that the geopolitical pendulum is on the move again, and will settle back in the east, just as it had been for 18 centuries prior to the rise of the west. And if you think about the growing influence of China, and their talk of removing the Dollar as the reserve currency of the world, it is a real possibility.
While I don't think the west is doomed, I do think that we are all in for a paradigm shift that is perhaps greatly needed, and could, once and for all (albeit over a very long period of time, say a few centuries or more) rebalance the wealth among all peoples of the world.
Maybe I am being too idealistic, but I do think things will never be the same again, for better or for worse, and so we must all do what ever we can to secure our own futures and that of our families.
I think things will get much worse long before they get better. The Government painting a rosey picture is just to keep us content for now. Things will not get better until we get rid of the Federal Reserve Board and the influence of their handlers.I always like to be positive so I will say that due to the opportunities created, many millionaires are created in very hard economic times, so stay positive and on the path.
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