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Exact(48)
Reversing the decline will be hard, though.
Most of the decline will come from reductions in spending.
The decline will not happen at once, he argued.
Nor do we know whether the decline will continue.
"You don't know how much the decline will be".
Now we think the decline will be 22percentt.
Similar(8)
But he and his disciples think the declines will come too soon, and be too sharp, for the world to adapt in time.
"The declines will hit bottom at the end of next year by which time the U.S. economy will pick up and exports will start to rise".
Unless the real estate downturn is much worse than economists are expecting, the declines will not come close to erasing the increases of the last decade.
With all the major market indexes registering losses for the first three quarters, some market strategists have wondered how the declines will affect investor and consumer behavior.
Maybe they don't think that the declines will continue?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com