Global Financial Crisis: How Long? How Deep? over at Vox EU shows that crises such as the one currently underway have had the following effects on average:
- credit crunch - average two and a half years with about 20% decline in real credit
- housing bust - average four and a half years with 30% decline in real prices
- stock market crash - average two and a half years with 50% real decline in equities
GlobeAdvisor reports that the CPPIB is on the prowl to acquire real estate properties at bargain prices in the US and the UK and it apparently anticipates the bargains will be there for about two years, i.e. that's how long they believe the slump could last.