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.
more...
Premium Member account.
Premium Members have full access to all news archives & premium content.
Purchase Premium+ Membership for $99/year OR
Premium Membership for $49/year
All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.
