When will the economy bottom out and recover
The article surveys housing, jobs and stocks to gauge the downturn. It notes unemployment at 8.1 percent in February, 4.4 million jobs lost since late 2007, and forecasts could rise above 9 percent with 2.4 million more jobs shed. Housing prices may fall 18 to 29 percent more by end 2010, with foreclosures rising to 5.4 million by year end.
MENTIONED IN THIS ARTICLE
U.S
Moody's
Economy.com
Sophia Koro
Peckys
Moody’s Economy.com
Koropeckyj
United States
National Association of Realtors
Phoenix
Las Vegas
Detroit
Yale University
Robert Shiller
Realtors Group
Federal Reserve
Tulsa
Analysts weigh bailout impact on housing and markets
The text notes a billion in bailout money to prevent foreclosures with most economists not expecting home prices to hit bottom before the first quarter of 2010 and no sharp rebound. It highlights the Dow Jones and S&P 500 dropping more than half from their 2007 highs, marking the worst bear market since 1929 with large declines.
MENTIONED IN THIS ARTICLE
Standard & Poor
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Associated Press
Okla
Wichita
Kan
Nicolas Retsinas
Harvard University
Joint Center For Housing Studies
Susan Wachter
University of Pennsylvania
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Aikenstandard.com
S&p
Standard & Poc
Lters
Bure
Labor
The
Aiken Chamber of Commerce
David J. Dickey
Center For
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Aiken
Ahmad Nadeem Gill, M.D Fini
ST Sutifes
Medical College of Georgia
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Ncer Care Institute of Carolina
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Aikenregional.com
TE Cushy Savings
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Wayne’s Automotive Center