No clear answers.(FINANCIAL VIEWS)(Company overview)

Appraisal Journal, March, 2008 by DeLisle, James R.

Commentary

Going into 2008, there were some questions whether the U.S. economy was in danger of slipping into a recession. Until recently, some observers argued things were not as bad as they seemed, but many believed we were in the early stage of what could be a very difficult period. Indeed, in early April, Federal Reserve Chairman Ben Bernanke, speaking to a congressional committee, admitted, "A recession is possible." Given the hype surrounding the economy and its wobbly foundation, his reluctance to add fuel to the fire was understandable.

Consumers who have been hit by record-setting prices at the pumps, rising food prices, tighter credit, employment turmoil, and the near collapse of the housing market did not need any reminders of their plight....

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