Sunday, July 20, 2008

24/7 Wall St.: Citigroup (C) Chairman Sees Two-Year Housing Recession

24/7 Wall St.: Citigroup (C) Chairman Sees Two-Year Housing Recession

"If Citigroup (C) chairman Win Bischoff is right, then his bank and the US economy are going to be cornered by a deepening recession for the next two years. According to Reuters, the Citi chair "has warned that house prices in Britain and the United States are likely to keep falling for another two years."

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