If we're in a recession, we're at the beginning of a global recession, says Ron Ianieri, chief markets strategist at Options University. He tells CNBC that the recession could last as long as two years, till the end of 2010.
Recovery Process Could Take 5 Years
Resumption of normal financial activity will take place at least 18 to 24 months from now, says Kirby Daley, senior strategist at the Newedge Group. He tells the recovery process could take as long as five years.
Recovery Could Take 20 Years
The ongoing financial turmoil and economic gloom will take 10 or 20 years to heal, Hugh Hendry, partner at hedge fund Eclectica, told CNBC.
Is the US Only Left with 2 Options?
Depending on how the financial crisis pans out, we will either fall into the abyss or into a deep and long recession, says Kirby Daley, senior strategist at the Newedge Group. But Ron Ianieri, chief markets strategist at Options University believes there are other options.
A Second Disaster in the Works?
The Federal Reserve and Treasury's moves to slash rates and pump that amount of money straight into the economy were wrong, said Ron Ianieri, chief markets strategist at Options University on the U.S.'s bailout plans. He tells CNBC they may be setting themselves up for a second disaster.
China: The Only Bright Spot Left
The only bright spot in the global economy is the Chinese government's ability to effectively stimulate its economy at the right moment, says Kirby Daley, senior strategist at the Newedge Group.
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