San Diego Daily Transcript November 11, 2008
November 11, 2008
A panel of experts offered a somewhat overcast economic outlook Tuesday for the next several months, with rising unemployment and spiraling residential real estate pushing a recovery as far back as 2014.
“Fasten your seatbelts,” said finance and economics professor Allan Timmermann to an audience of approximately 55, including many former and current chief executive officers. “This is going to be very turbulent, and it’s going to last a long period.”