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I had some job training a couple of weeks ago and a very insightful agricultural economics professor resided over our sessions. One of the issues we were talking about was the length of the recession. He had some pretty good historical data that showed recent recessions tended to last around 7 months. However, he felt that this current one might last as long as 12-14 months. I hope he is wrong, but the complexity of this recession, due to all of the world's markets being interconnected, could take a long time to correct.
Central banks are intervening with massive amounts of fiat currency to "re-inflate" the situation, which I think will eventually get their desired result.

The problem will be inflation.(your dollar will lose more of it's purchasing power, in other words it will take more dollars for the same goods or services)

My guess is similar to the others 12 to 24 months.
The choices that are presented do not list my answer. I think that the recession will last as long as the "solution" is throwing money at bad segments of our economy. Even if the economy somehow rises out of the ashes next year, if no one will take responsibility for ones own part of the mess, then this cycle will be repeated again in a few short years.
OK, we will loan the bailout money, but you do away with those NAFTA and CAFTA jobs that you sent to all those other countries, and bring back all those jobs the big three auto makers that exported those jobs to other countries. More jobs means more taxes going into our economy, also open those factories that you closed and start making more fuel efficiency cars and trucks. Might just to help some if not a lot.
I don't know how long we are going to stay in a recession but with all these bailouts and propping up of institutions that should be allowed to fail we are facing a decade or more of really slow economic growth like the Japanese did in the nineties. An element of capitalism is creative destruction inefficient businesses go away and are replaced by new nimble ones. When the government gets involved in picking winners and losers you lose that element and the economy suffers even more.
Lets see here...
How long does it take to send all of your money out of the country if all of the manufacturing plants are anywhere else but the USA...

You should by now start to understand what happens when we have the trade deficit we have....

Nafta, Cafta, North American Treaty, all have caused the companies to put their plants in other countries where the labor rate and regulations are less...so they can compete with the merchandise being sent back by their competitors...
This was done by designed and put into affect by CONgress who had their desire to assist in this move by the lobbyst money spread like fertilizer on a newly plowed field.
PAC the legal way to take a bribe!

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