Over the last few months at The Truth of Credit, we have been running a poll question as to how long it will take for the economy to recovery. Obviously, while no one knows the definite answer, the poll’s main objective was to get a opinions of how other consumers felt. If you were to watch the news or read the paper, you would think that we are on the brink of becoming a third world country. See Peter Schiff or Gerald Clemente for example (Caution: you may want to hang yourself after listening to these videos). Here are the results from the poll.
How long will it take for the US economy to recover?
- 5 years (49.0%, 49 Votes)
- 1 year (20.0%, 20 Votes)
- 10 years (17.0%, 17 Votes)
- Never (14.0%, 14 Votes)
Total Voters: 100
I voted for the 5 year recovery. My personal definition of recovery is when our Gross Domestic Product (GDP) grows again. Do I think that we will see the Dow Jones in the 14,000 again? Not for a for a very long time. It won’t be due to lack of good buying opportunities but because people are going to be very hesitant to put their money back into the market. For those that stated the economy will never return, may we all pray that you are wrong.
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