"There will also be 11% unemployment next year, and the recovery is going to be slow. It's going to feel like a recession even when it ends."
Nouriel Roubini (aka "Dr. Doom")
Professor of Economics, NYU
(One of the few economists that predicted last year's global economic crisis)
(CNBC.com 7/20/09)
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Maybe when commercial real estate stabilizes, companies will take more risks (hire people). Who knows how long contract renegotiations will take.
ReplyDeleteNot sure if residential real estate is where it should be.