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Eli Broud: U.S. in a most severe recession untill World War II |
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Wednesday, 02 July 2008 |
At present the United States are located in the worst recession since the end of World War II here said miliarder Eli Broud. The residential sector will continue to have corrosion effect on the psychology of consumers and the economy.
The opinion of 75 annual specialist who has significant positions in the construction sector, is that "this is the worst of all recession" that have occurred in the U.S. after the 1945 year, reported Bloomberg.
According sedge U.S. still will be able to avoid depression in the size of that of 30 - years of last century, since currently available sufficient "network security". This period is the worst case, that "I saw during my entire life", said however he added that no expected improvement in the situation before taking up the position of the new president of the United States at the beginning of next year.
Eli sedge is one of the biggest players in the real estate business in the U.S. and co-founder of the company Kaufmann & Broad. In recent years he has orientiral mainly to philanthropic activities and manages the fund with assets of more than 2.6 billion dollars. In his career sedge was director of AIG and currently participates actively in the pressure at the current director of the company Martin Sullivan to resign because of poor results.
Regarding the sector of real estate Eli Broud is of the view that will take several years, until it is realized sales of vacant new homes. The problem is that people do not believe that prices have reached their bottom. The population must be encouraged to purchase new homes by federal policies, including tax preferences.
"The residential sector will continue to have corrosion effect on the psychology of consumers and the economy as a whole is far greater than you think people even greater effect than that I analizirah mere month ago or so," said Broud. "I'm concerned about the future of America. It is time for regrouping and setting in place as our country and role to play ", stressed the specialist.
Today again disposes U.S. dollar against the euro and is approaching the key level of 1,5850 EUR / USD, which according to many could unlock growth of the single currency to new records. At 13:45 the two currencies reached 1,5818 EUR / USD, at 14:45 one euros are exchanged for 1.5782 dollars. |
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