16.11.2011 - US: The housing market is still in a depression
Following the bubble, the housing market's pain has been deep and persistent. This isn't merely a cyclical downturn. Even six years after the market peaked, the healing process has not yet begun. The industry isn't in recession: it's in a depression. On Monday, billionaire investor Warren Buffett made this assertion. He's right, but not for the reason he states. Here's the Associated Press quoting what Buffett said to CNBC...........................................Full Article: Source
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