Depression 2.0

In the past month I’ve listened to several economists, who have safely tread on macroeconomic data and carefully avoided the elephant in the room. They all referred to the “Great Recession”, made me want to leave the room each time. Late March, we had a real estate reporter (John Rebchook) spoke at our association luncheon (NARPM) who said the dreaded “D” word. Refreshing.

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