LKY on Financial crisis

Nobody knows how long this recession will last, or when the America, UK, EU and Japan economies will stabilise and recover.

Meantime, all feel poorer with the loss in asset values of their shares, properties and other assets

This downturn is just beginning.

No one can say how long it will last and how deep the downturn will be.
Recovery will come when the property market in America reaches bottom and begins to rise.

That may not be for many months or even years.

the government will be ready to decide on assistance programmes for the lower-income earners.
But to return to where we were before the crisis and enjoy the same standard of living, we have to wait until the recovery of the world economy.
We all have to accept some sacrifices and cut-backs.