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MORGAN STANLEY ON 2009

Richard Brenner of Morgan Stanley has been one of the better economic prognosticators recently. Here is his take on 2009 and how it applies to Maui real estate.

  • The Global economy will grow at only .9%
  • Home prices in the US will fall another 7%

This is not good news for Maui real estate, but as Brenner sees the economy rebounding in the second half of the year, one wonders if we are finally near the bottom.

Posted Wednesday Jan 14