About time someone started getting real about how long and how deep this downturn / recession/ depression is really going to be.
Hail courageous Mr Husing.
In California Riverside County has sunk into a deep recession — potentially the most prolonged since the Great Depression — and might not recover until 2012, economist John Husing says in a report to the Riverside County Board of Supervisors.
Months ago, Husing said he saw recovery in 2010. He now predicts the rebound won't arrive until 2011 or 2012.
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