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Old 10-03-2009, 03:34 PM
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Default My step-father is a Mortgage Broker and I

was wondering if his business will pick up again? Sorry I can't go in detail about his job, because I have absolutely no idea what he does. I think it involves real estate.. Any who, my economic teacher said that Ben Bernanke said recession is very likely over. So, I'm assuming everything will be normal again and everyone will make money. True?I guess I have 2 questions.Thanks you!
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Old 10-04-2009, 02:27 AM
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Don't click on the link above. Installs malware on your computer.It's true that Chief Bernanke said that recession is over, but that is based on the stock market results which has been in a steady increase since it bottomed on March. Today 6 months over that horrible fall, the investments are beginning to recover, but the improvements in wall street aren't felt immediately on the economy. SInce your fater works on the mortgage side, two things need to happen so your step-father begins to see some activity on his business. House market has to fizzle and unemployment rates have to decrease. Until the street sees these changes on your city, your step father's business will pick up again. And that might take perhaps another 6 months to a year. Some house markets will bottom in five years .
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