Posted on 10/06/2010 10:03:42 AM PDT by george76
The prospects in the global real estate sector are “dismal,” with a downturn that could last eight years, the International Monetary Fund warned Wednesday.
The IMF sees problems both in the “bust” countries, such as the United States, Spain and Ireland, and the “rebound” economies, such as the Asia-Pacific region, most Scandinavian countries, and Canada.
In the United States, residential investment remains severely depressed compared with past cycles, which the report said could be partly explained by the pattern in house prices and outstanding household debt. Making matters worse, the U.S. states where the house price bust was more pronounced are also where unemployment has increased the most.
(Excerpt) Read more at marketwatch.com ...
When was the start point? 2005?
I knew that already. it goes on 10 yr. cycles.
what has the IMF ever gotten right?
All IMF does is make loans to governments, “right” isn’t the business model. Having their loans paid by the citizen tax base is the business model. They’re pretty good at building bridges to nowhere.
Here’s more: all
IMF Calls for Huge New Round of Bank Bailouts
http://www.zerohedge.com/article/imf-calls-huge-new-round-bank-bailouts
I would guess the cycles are closer to 12 yrs?? The residential market in the USA will take a long time to improve. It has been totally distorted.
true. something tells me we learned nothing from this mess. when the market comes around again history will repeat itself.
it will only last 8 years if the zero is re-elected, otherwise it will end in 2012 when Palin fixes the mess zero made.
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