Recession: Two Years Plus

A new CBS poll shows that about two-thirds of those surveyed think the recession will last two years or more.
This mirrors the results of our own informal poll here. You told us you thought the stock market would drop substantially more before it turns around. And you also saw the recession lasting well into next year if not beyond. That's a long way back.
Still, ordinary people are not economists.
And ordinary people cannot predict the future. Polls can be wrong, especially when they try to foresee the future.
But then again, economists and prognosticators haven't done so well at predicting things either, have they?