The Economic "Crisis" - Over?

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Aeron

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Is it over? Will the world's economy slowly start to rebuild itself from here on out or will it suffer another significant blow before it gets better?

The dollar is falling and the price of oil is rising, signs that the economy is showing signs of recovery. The former due to the fact that everyone who hoarded their monies in America during the storm is now once more shifting their money to the international sector. The demand for oil is rising (maybe since everyone is now driving second hand clunkers with gas guzzling engines).

In South Africa, the JSE has risen 7000 points to over 23000 from a low of 16000 not so long ago. The Rand has regained much of its previous value against the Euro and Pound. The headlines are no longer dominated by economic crisis stories.

So, are we on the road to recovery or is there a relapse waiting to happen?
 
It's just the eye of the storm passing over. Batten down the hatches... :D
 
i personally dont think it has even got properly started yet. i am pessimistic though, so slanted that way.
what is coming will make this period look like a tea party for happy toddlers with balloons and stuffed animals.
 
We are in a spiral and the more people that lose jobs the less money the less income the more debt the less money to pay and so on. Strikes are killing us, inflation and dept not being repaid by companies that has now more dept than what they are worth. The gov system sucks, takes 5years in a stable economy to see results. They have yet to show a solotion, long term we will not make it at 2012 with the oil peak crises and what not. The most companies that just closed are the ones working on loan payments.
 
My local newspaper says that the number of defaulters on bond payments has increased by a significant number during May 2009.
I say, not even close to over yet.

Until the property market swings, it's not even close to over.
 
My own economic crisis is just beginning. Selling the house for 35% less than I was offered a year ago.

Once Obamaflation kicks in -- as it inevitably will when $1-trillion is created out of fresh air -- things will get pretty nasty. Remember, after the 1929 crash there was an initial 8-month slowdown, then for 16 months things improved as all the experts agreed the worst was over. In late 1931 the wheels came off. Today most knowledgable economists know the Great Depression was exacerbated by bumbling US government policies (interventions, money creation and "New Deal" nonsense). They are doing the same things again, just more of it.
 
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