Vision Credit Education, Inc.

The global recession that has spread beyond mortgage and financial markets is expected to be more severe than previous recessions. It is also expected to last through most of 2009. No one really knows, and estimates vary widely on how damaging this recession will be.

Some financial experts claim that recovery will begin as soon as early summer of 2009. Others suggest the recession could last well through 2010. So how do we know how long it will last?

The average bear market can last an average of 491 days if it is induced by a recession. However, the recession of 2000 lasted nearly twice as long.

The 2008-2009 recession has been nicknamed by some “The Great Recession” due to its far reaching effects, both in terms of how widespread it is impacting so many sectors in our economy as well as how it is devastating many global markets. It has been made worse due to the substantial fluctuations in food and energy prices.

The bear market itself does not exactly mirror the recession beginning and end dates. Many of the stock price indices do serve as indicators of how most companies and investors view the economy.

If we are fortunate, the economy will stabilize in the summer of 2009. If not, it could last well beyond 2010.