The forecast for California is mediocre at best at worst we are liable to dip into another recession, ... at least 50 if not more.
More Quotes from Christopher Thornberg:
When consumers realize they can no longer expect that appreciation bonus to subsidize their consumption habits, they will very likely pull back on spending.Christopher Thornberg
Prices people pay today will be about the same in 2011, maybe 2012.
Christopher Thornberg
Things are still hot, but the trend is clear. The only debate now is how hard a landing there will be and what will it mean for the general economy.
Christopher Thornberg
California in 2005 did better than we thought. But my feeling is the employment picture in 2006 is not going to be as good as 2005.
Christopher Thornberg
It's business delayed, not business canceled. They make people aware of what's going on, but it doesn't cause any economic impact. It's a pain in the butt, but they get their point across.
Christopher Thornberg
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