Although some upbeat economic news in recent weeks might indicate the beginning of the end of the recession there’s still plenty of ”wreckage” to deal with says Wharton real estate professor Peter D. Linneman. Nowhere is this more apparent than in the housing and commercial property sectors which have taken one of their worst beatings ever. In an interview with Knowledge at Wharton Linneman draws on policy missteps of the past to caution the Obama administration to tread carefully and avoid ”trying to cure things they can’t cure ” while contending that the U.S. might have more in common with countries like Venezuela Russia and Japan than most observers think.
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Knowledge at Wharton