Wednesday, November 9, 2011

When do you think the economy will fully recover?

My bet is we'll be seeing slight recovery from now until 2012, and job growth won't fully zoom off until 2014-2016. I think incomes will remain flat until 2013 or 2014, after slight increases until 2017, and around 2018-2020, we'll see greater income growth. As for the housing market, I think home sales will have ups and downs, but overall, housing prices will keep falling and won't stabilize until at least 2014. After the late 2010s though, I think we'll definitely see steady and stable economic growth and recovery.

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