Poll Shows Economy to Take Years to Recover
The economy will take years to recover from the deepening recession, according to an opinion poll by Headline Press dot com.
(EMAILWIRE.COM, April 21, 2009 ) Destin, Florida --It will take the U.S. economy years to recover from the deepening recession, according to a poll conducted by Headline Press dot com. The survey reveals that Americans are getting use to the idea of the economy taking a long time to recover from the worst recession since the Great Depression.
Some 76% of those surveyed said they expect the economy to take at least two years to improve, and half of all those said they expect it to take longer than five years to improve.
The nation’s economy has been battered by weakening credit markets by Wall Street investment bankers who traded mortgage securities like commodities, and bankers who developed new mortgages to make loans to just about anyone who could sign their names. The crisis has resulted in higher unemployment, a deflationary housing market and troubled credit markets.
Housing markets in California, Florida, Michigan and Nevada have seen housing values drop as much as 60%, and signs of a turn around are few and far between, despite an increase in housing sales in some areas. Foreclosures have topped 4.2-million units since the crisis began, an all-time record.
The credit crisis has received a series of bail-outs from Congress in attempts to get the economy back on track. The administration of President Barack Obama has gotten multi-billion dollar efforts passed by Congress in attempts to aid the ailing economy.
Headline Press regularly surveys visitors to its web site on news related issues, and offers breaking news online, including streaming TV news, sports, entertainment and one of the best political Bloggers on the web. Get the latest news at http://www.headlinepress.com
Some 76% of those surveyed said they expect the economy to take at least two years to improve, and half of all those said they expect it to take longer than five years to improve.
The nation’s economy has been battered by weakening credit markets by Wall Street investment bankers who traded mortgage securities like commodities, and bankers who developed new mortgages to make loans to just about anyone who could sign their names. The crisis has resulted in higher unemployment, a deflationary housing market and troubled credit markets.
Housing markets in California, Florida, Michigan and Nevada have seen housing values drop as much as 60%, and signs of a turn around are few and far between, despite an increase in housing sales in some areas. Foreclosures have topped 4.2-million units since the crisis began, an all-time record.
The credit crisis has received a series of bail-outs from Congress in attempts to get the economy back on track. The administration of President Barack Obama has gotten multi-billion dollar efforts passed by Congress in attempts to aid the ailing economy.
Headline Press regularly surveys visitors to its web site on news related issues, and offers breaking news online, including streaming TV news, sports, entertainment and one of the best political Bloggers on the web. Get the latest news at http://www.headlinepress.com
Contact Information:
Housing Predictor
Mike Colpitts
Tel: 8506221016
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
Housing Predictor
Mike Colpitts
Tel: 8506221016
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
Press Release Keywords:
opinion poll, economic recession, great depression, credit markets, banking, housing values, housing values, economic recovery
opinion poll, economic recession, great depression, credit markets, banking, housing values, housing values, economic recovery
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