Relevant:
- U.S. Housing Recovery Tested As Economy Tempers Optimism
- Housing recovery could take a decade, economists warn
- The Financial Crisis Cost More Than $14 Trillion: Dallas Fed Study
- Waiting for a Housing Recovery? Look to 2013: Economists
- Economists Trim 2011 Housing Forecasts, Call for Recovery in 2012
2010-08-08 — newsobserver.com
" When the Fed's Open Market Committee meets Tuesday, its economists will doubtless produce reams of data and theory aiming to explain why GDP growth is fading fast. But there is a very simple - and disturbing - reason why the recovery is sputtering out: The damage we did to our economy during the housing bubble and subprime crisis was far too severe to be fixed by the weak and superficial steps our government has taken in response.
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