|BULLISH on PRECIOUS METALS||MARKET NEUTRAL INVESTING: SMALL/MID-CAP||_N/A|
Housing. Prices, in a gradual way, may fall 20 to 30% in various areas across the country. Long-term trend lines indicates this would just get you back to the trend line. Normally, in the long-term, housing prices should rise 5% a year in real terms. Because we had a doubling over a 12 year period, once the peak occurs (he believes occurred sometime this fall) you now have inventory building.
Chief Investment Officer, Curvature Hedge Strategies