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U.S. Now in ‘Mild’ Recession, NAHB Economist Says
April 15, 2008
The deepening slump in the nation’s housing markets has seriously eroded consumer sentiment and pushed the economy into a mild recession, according to the chief economist for the National Association of Home Builders. “The worse-than-anticipated housing downturn, combined with systematic weakening of the labor market and rapidly rising energy and food prices, has taken a heavy [...]

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Could a recession last until 2011?
March 3, 2008
Recent commentary by Paul Ferrell at Marketwatch caught our eye this Monday, not only because it got us humming a great old song, but also because it takes a wide look at how the current credit crunch is likely to play out of the next 12 months. Scratch that. Make it closer to 48 months, Ferrell [...]

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Zandi: 20 Percent Drop in Home Prices Likely, as Recession is a Reality
February 20, 2008
In a significantly more bearish turn, Moody’s Economy.com chief economist Mark Zandi said Wednesday that a U.S. recession will lead to a 20 percent peak-to-trough drop in home prices, according to coverage provided by Reuters. Zandi had previously forecast a drop of 13 percent last December. In remarks at a Reuters-sponsored housing summit in New York, [...]

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