Walt Zimmerman at IPAC said the economy low point will be in 2012 - and then we will start to recover. This is part of a 60 year boom-bust cycle -and it will take 8-10 years to recover. Zimmerman, a data researcher, said they told all their client companies to SELL in October 2007. No way will there be a recovery before 2014-18 when more people have built up cash reserves.