Sorry for bumping this thread, but I can't see any recent one, the crisis continues, and this may be connected to home schooling and other forms of localization.
There has been no recovery, and if we look at the global economy, the situation may have gotten worse. That's because the main cause of the crisis may be a combination of peak oil, economic instability due to increasing debt and financial risk-taking, and environmental damage coupled with global warming.
According to the IEA, conventional oil production peaked back in 2005 while consumption increased for the rest of the world, leading to oil prices tripling, and with that high food prices. Companies used non-conventional oil (i.e., more expensive energy- and material-wise to process, and in several cases, leads to more pollution) while others are now focusing on renewable energy (which has lower energy returns and still requires oil for manufacturing components).
High food and oil prices led to weakened economies, contributing to the 2008 financial crash, and with that, more economic crisis in many parts of the world, from Europe to Asia.
The effects of global warming did not help, leading to everything from property damage due to floods in Australia, Pakistan, and parts of Europe, to crop destruction due to heat waves and droughts in the U.S. and Russia, etc., contributing to high food prices. Meanwhile, what scientists reported in the past would take place many decades from now are taking place, including significant levels of sea ice melting, methane hydrate release, and so on, together with reports of millions of bees dying, etc.
Meanwhile, the same banks and financiers, flush with free money from governments, are now engaged in the same financial risks, which explains the volatility of various financial and commodity markets. At the same time, food and oil prices remain high and unemployment remains a problem for many countries. Some social scientists and economists argue that high prices coupled with austerity measures are contributing to riots and social unrest in Europe and the Middle East, as new reports of surveillance and increasing aggression by police and military forces take place in the U.S. and elsewhere, including saber-rattling in the Middle East and in Asia.
With that, economists like Peter Schiff believe that another crash will take place.