will economy recover..how do you know?

[soicowboy]

i dont want sound negetive but i have a question ...all the world leaders/economists did not see this recession coming in 2006/2007...all the business people and generally people with money were buying up houses /land/businesses etc ...they didnt see it coming either....now the economists and the government are telling us it will pick up maybe in 2010,but will however recover sometime soon....how do they know this if they were so intelligent in the first place the world wouldnt be in this mess...bare in mind we havent had a recession like this before...im just very curious about wot we have in store and people in the know(more so than me)what they envisage for the future...

[kjn2]

As far as I know and I stand to be corrected it is all to do with figures i.e. bad data negative figures,for so many months so therefore coming out of recession good figures, good data, over so many months, no one can say for sure when we will come out of a recession as you say its all new to us on this scale ,I personally think this is all to do with people not spending money as they are unsecure in their jobs, therefore IF this government can guarantee income for so long IF somebody is made redundant then we can all take a positive view and go forward. Wow this could open a big can of worms.