By all indications, it appears that this crisis would continue and would lead itself to at least 2010 or later. There are more bad news hitting out economy all the time. The only good thing is lowering of the gas prices. Even people are not happy with that. The increase in the prices were already factored in our grocery items and other merchandize. Probably, the new lower gas prices would be weighed in in next few months.
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The unfortunate truth is continuously unfolding everyday. This crisis would continue, and more homes would be foreclosed. This is unfortunately, the state of economy is at this time. One can take the bull by the horn, instead of bull running all over you.