Now that is is pretty clear that we are in a recession, the natural question to ask is: how long will it last? Will it be as long as the Great Depression, or as short as the post-dot-com-crash recession?
According to a couple of economists who write for Forbes and work for an investment firm, “any velocity-driven economic slowdown will likely be very short lived.” They predict a “one-quarter slowdown” followed by “a relatively quick recovery in 2009.” Thus, they suggest you take advantage of today’s low stock prices and buy buy buy now now now!
But then, they also say the problem was caused by the Fed cutting interest rates last year, and their solution is for the Fed to cut interest rates now. Say what?