03 Mar

When Will the Recession Be Over?

The following Op-Ed articles by economic “experts” all agree we’re in a recession. However, there is no agreement as to the length and depth of the recession. Last year, these same people were all saying “What recession?”

NetGain has written extensively on the subject, predicted the recession ahead of the crowd, and offers the following observations during this confusing and scary time: Our economy is designed to produce recessions. They serve a very important purpose. They flush out excesses and mismanagement. Government interference and mismanagement has caused several past recessions to last longer and be deeper. During the past 100 years, we’ve had 22 recessions. The recovery rate of all past recessions is 100%.

Regarding income property, NetGain’s advice during this time is to find value, validate (due diligence) the value, and have the financial strength for a long-term hold.

Last Tuesday, Ben Bernanke, the chairman of the Federal Reserve, predicted that 2010 “will be a year of recovery.” On Friday, Americans learned that the gross domestic product fell 6.2 percent in the last quarter of 2008, suggesting that the recession may be deeper than anticipated. So when, exactly, will the misery end? When can we expect to see the economy turn around? The Op-Ed editors asked 11 experts to hazard a guess.

Read full story: When Will the Recession Be Over?

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