It will end for some countries, not for others, unless some
governments do an overhaul of their economic processes and systems. Those countries that subscribe to a
"Yertle the Turtle" economic infrastructure (e.g., the USA )
will only survive if they have enough muscle to protect the status quo.
Sometime in 2011 when companies start to hire again for growth. Presently they are hording cash and not
investing for the future.
I believe the first wave of the Global Recession probably
ended in 2009, but reports have shown that there may be a second wave coming in
the spring of 2011. I'm not sure when I think that wave will end.
I don't know what technically defines "recession",
but with the number of people out of work across the country, and related
stresses on the middle class, it surely does not feel over to me.
When real unemployment is under 15%
Not until jobs have started to return in numbers beyond just
the status quo.
Business models are changing radically as it moves more and
more into the common person's reach. It may take a while... but then,
everything is moving so quickly now. Dec. 2012, maybe?
When the majority of displaced workers return to full time
work with benefits, at a salary/wages w/in 12% of their last earnings.
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