Without the bailout even starting to have effect, which when it does it will probably ruin these positive moves.
In other news oil is also down.
So now the question is, "will the markets be allowed to remedy this?" or will the regulatory hand of the Government, along with the inflation based money policy of the Federal Reserve just wreck these positive moves?
It seems no one wants to trust the market, even though it chugs along even in these dire times attempting to re-balance itself. Instead we're now looking down the barrel of $700 billion of inflationary excess currency along with world banks shoving billions, if not a few trillions back into the entire global economy. Again, the market will probably fall into a rather horrid depression, or even a rough recession, that will be dragged out possibly 2-3 years just because of these stupid moves by the world banks.
When money needs to hold its value and prices need to fall, these types of stupid actions just lead us to further extend these collapses.
- 2-3 years at this time, that's my current estimate, and I'm leaving it open to getting extended if the world Governments keep screwing up.
- 6 months - 1 years before prices hit bottom. 8 months - 1 year before the unemployment starts to wreck havoc.
When the unemployment starts hitting then we'll really start to get a solid picture of how long this thing is going to be with us.