Tuesday, July 01, 2008

Eli Broad: Economy "Worst Period" in his Life

by Bill McBride on 7/01/2008 09:04:00 AM

From Bloomberg: Broad Says Economy in Worst Slump Since World War II

Billionaire investor Eli Broad [the founder of homebuilder KB Home] said the U.S. economy is in the ``worst period'' of his adult life as a housing market recovery remains ``several years'' away.
For anyone associated with home building, the current period has to feel like an economic depression.