When was the last recession in US and housing recessions and how long before either market rebounded?
Nov 16, 2008 in
Financial and Loan Tips
William Hoffman
I am looking to see how the technology sector performed after the last recession and inparticulary after the last housing recession. Thank you.
I am looking to see how the technology sector performed after the last recession and inparticulary after the last housing recession. Thank you.
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3 comments
RE its what i do on November 16, 2008 at 7:46 pm
Hi William,
The economy in this country is very cyclic, you can expect a minor recession every 10 to 15 years and a major recession (such as this) about every thirty years. The last housing downturn was in the early to mid ’90’s then went into a boom then back down again to where we are now. So, if you think about it, this is actually the begining of the next boom. There are several reasons we are going so low this time, such as ARM loans, option arms and of course rising gas prices. The latter is the worst thing that could happen right now.
financing_loans on November 19, 2008 at 1:08 am
I dont know but it seems to always occur when a republican is president. And always rebounds when a democrat takes over. Im not bias either way.
Go Mccain!!! a horrible economy makes it easier for me to make money.
mamma on November 21, 2008 at 11:41 am
Financin is stupid, it is easier for him to make money right now but he admits to hanging out at the grocery store and cashing out on other peoples receipts. What an idiot. He must not be doing that well.