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When will the financial crisis end?
Garby ( Score Rank: #145 based on predictions in the last 30 days ) Garby  |  closed on 01-Aug-2009 (111 days ago)
Take your guess regarding the end of this financial crisis.
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2009-11-20
 
Nov. 20 (Bloomberg) -- Bank of Canada Governor Mar... (more)
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2009-11-19
 
Nov. 19 (Bloomberg) -- John Mack , chief executive... (more)
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2009-11-18
 
Nov. 18 (Bloomberg) -- Mark Holbrook helped fuel a... (more)
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2009-11-17
 
Nov. 16 (Bloomberg) -- Dubai’s second half of a ... (more)
Comments (5)
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  1. Shemale Shemale 136 days ago
    0 vote This is Good This is Bad
    predicted: [ Most Likely ] [ 100% ] Jully 2010
    (more)
    Around mid of next year
  2. davide1982 davide1982 185 days ago
    0 vote This is Good This is Bad
    Good question indeed), but the truth is that no one knows the correct answer! However, if you'd like to know when experts anticipate the end of financial crisis check this link below:

    http://www.myhowtoos.com/en/red-hot/5...
  3. meanstreaks meanstreaks 216 days ago
    0 vote This is Good This is Bad
    predicted: [ Most Likely ] [ 100% ] Beggining of 2011 or later
    (more)
    This mess is just getting started.
  4. Garby Garby 242 days ago
    0 vote This is Good This is Bad
    The crisis is global, there isn't much that Obama can do to solve the crisis from Europe for example. I think the solution for the crisis relies more in the people and the people with money and production, then in leaders or politicians.
  5. poisontongue poisontongue 245 days ago
    + 2 votes This is Good This is Bad
    predicted: [ Most Likely ] [ 40% ] Jully 2010
    (more)
    The immediate "crisis" (thanks Reaganomics) will, through no fault of Obama's, end no earlier than 2010. There isn't anything he can actually do to IMMEDIATELY fix it like people want. Believe it or not, the system is embedded, and the system is deeply flawed. 20 years of Reaganomics is like taking six icebergs to the Titanic. And now we reap the benefits from a line of politicians that looked on while the pig-corporations got fat at the trough of greed. And now that the trough is empty, they've got to let off a little fat by making up ways to take away jobs so they can keep their profit margins at maximum. Believe me, this could have been prevented - but the system is deeply flawed.

    Fortunately, we are aware enough to know that continued nonintervention will lead to the Great Depression. In all seriousness, if there hadn't been a Great Depression, this would have been it - and our lives would be as bad as those who lived back then.

    My fear though is that we're not addressing the deep, hidden flaws embedded in our way of life. We're too afraid of "socialism"... but the corporations aren't - and they'll use it against us. Just like "communism" (which in reality, the communism we fought was dictatorship - the inane fear stems from the fact that if the population actually embraced it, that would mean the end of gung-ho capitalism - the end of extravagant profits. Never mind the improval of the average American life - the oligarchy running this country isn't stupid). There's a reason why AIG can still afford those bonuses... even though they claimed to be in deep doodoo. Why the auto guys could still afford luxury travel, payed by the company, while firing thousands of jobs. Why a company can close an American factory and open a equal one in Mexico. I'm telling you, this isn't about the market - it's about a deep flaw in the capitalist system, which is disguised as democracy. True democracy would actually mean that we wouldn't have been in this position - the wealth gap would not be widening.

    So even when we finally do recover, I can already see that my fellow Americans are still to naive to see that the corrupt underbelly of our "great" nation has exposed itself. Just because Obama "seems" like a people-guy on the level of Franklin doesn't mean he's not in the pockets of special interests... hence AIG's campaign contributions. A company in financial turmoil shelling out for a campaign? Something's rotten in the state of America.

    I really wouldn't be that surprised if the immediate "crisis" extends until 2011, depending on whether the higher-ups decide if they like Obama. Chances are they do because he's an "ordinary guy" who connects with Americans. So expect it to get better to the point that we don't recognize it as a crisis and Obama gets reelected.
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