Doug Kass Thinks Housing May Recover First
Doug Kass was on CNBC with Larry Kudlow today and commented that falling gas prices were a positive for the economy, but the benefits were being “trumped” by falling real estate and equity values. Kass also mentioned that housing might begin recovering toward the end of 2009 since the production of homes had dropped to a very low level.
Mr. Kass has been much more accurate than the average forecaster over the past 1 1/2 years.
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