Recession could run deep, economist cautions
Industry analysts cite declining dollar, oil spikes and foreclosures
By Glenn Roberts Jr., Wednesday, May 7, 2008.
SAN FRANCISCO -- It's clear the recession is here but how deep it goes is still an unknown, said Kenneth T. Rosen, chairman for the Fisher Center for Real Estate & Urban Economics at University of California, Berkeley.
"There is a great risk here. The risk here is that we could have a deep recession," said Rosen, speaking Tuesday during an annual Fisher Center Real Estate Conference in San Francisco.
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