04/05/2009 05:12 am ET Updated May 25, 2011

It May Be A Decade Before Dow's Back To 12,000, Says Economic Forecaster

WASHINGTON -- When Republicans and Democrats in the nation's capital want to make a point about the economy, they often cite Mark Zandi. A middle-of-the-road economic forecaster who speaks in plain English, Zandi increasingly has become the economic oracle of record.

The chief economist of Moody's sat down Thursday with a small group of reporters and offered a sobering view of what he sees ahead for the U.S. and global economies.

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