Housing prices have been an important source of keeping wealth and have dampened the effects of the weak stock market. If they turned down in value that could jeopardize recovery.
More Quotes from Josh Feinman:
It's critical that the labor market start to show unambiguous signs of strength. It's a necessary condition for the recovery to be on a self-sustaining path.Josh Feinman
You're not going to turn this thing around with platitudes. There are no magic bullets.
Josh Feinman
We think we're going to see recovery by second half of the year and that growth can be quite brisk,
Josh Feinman
The job market has been improving it's just been very, very slow. But we are starting to turn the corner and are likely to see job creation get a little better as we turn into 2003.
Josh Feinman
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