It seems US recession can not have their own dose of medicine in just a short time. Some experts are predicting that US needs at least 4 more years to get the economy out of chaos. I don't quite agree that this will be the case. Well, this is just my opinion. My guess, as I have said before is that, by around last quarter next year market will start moving a little bit slowly but not negatively. I am hoping it will continue moving positively until the US economy have rebounded a bit but not yet quite out of recession. Four years is quite long for the ailing US economy.
It is quite saddening that most countries are affected that it became a worldwide economic disaster. The US infected the rest of the world giving impact that without America, the world economy is helpless.
Poor people, ordinary people do not feel the economic problems of the world. However, the professionals, workers, businessmen, investors and traders, etc. are the type of people most affected by crisis. If global crisis continues up to 4 more years, there is little hope to save more money for future endeavor- only for survival. So while there is recession, it is encourage to save and spend only if needed.
However, because it is recession and most market is down, will you save if you can take advantage of the cheap stocks and bonds. But I suggest also that if you have money, invest in T-bonds or T-bills. It is less risky. The government will give what is due for your money. T-bills interests are paid to you in advance but the face value is given back upon maturity. Isn't it that good. It is like your money is in the banks on time deposits.
When the time comes recession is out, your money have grown like you were not affected at all.
