PPRuNe Forums - View Single Post - Merged: Is the worst of the Global Financial Crisis behind us?
Old 3rd Jun 2009, 05:05
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404 Titan
 
Join Date: May 2002
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DUXNUTZ

Yeh as I said I think the US economy is probably bottoming out i.e. the rate of deteriorating is slowing or stabilising. It isn’t recovering though. The recovery will be a long drawn out affair. The way the S&P 500, the Dow and oil have been rising since March though you would think the economy was in a full swing recovery. When investors realise it isn’t, the market will fall and it could very easily test new lows. You've only got to look what happen during the Great Depression to see that history is repeating itself.
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