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<blockquote data-quote="Catatonic" data-source="post: 412259" data-attributes="member: 7966"><p><span style="font-size: 12px">Time will tell.</span></p><p>I'm not sure it will take 10 years but it will probably take longer than the 15 months after the 1987 crash.</p><p>I think it will be 4 -5 years myself.</p><p> </p><p>McCain was right (albeit not from a politcal respect) in that the fundamentals of the economy are sound.</p><p> </p><p>The biggest concern is the 10 trillion plus national government debt and the even greater over-extended debt of the American consumer.</p><p> </p><p>The most probable way the government can dig out of this kind debt is to allow/promote inflation. Retirees on fixed income annuities/retirement plans should be worried about the future.</p></blockquote><p></p>
[QUOTE="Catatonic, post: 412259, member: 7966"] [SIZE=3]Time will tell.[/SIZE] I'm not sure it will take 10 years but it will probably take longer than the 15 months after the 1987 crash. I think it will be 4 -5 years myself. McCain was right (albeit not from a politcal respect) in that the fundamentals of the economy are sound. The biggest concern is the 10 trillion plus national government debt and the even greater over-extended debt of the American consumer. The most probable way the government can dig out of this kind debt is to allow/promote inflation. Retirees on fixed income annuities/retirement plans should be worried about the future. [/QUOTE]
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