Gary Shilling Believes Housing to Bottom End of 2010

By on September 3, 2008

Gary Shilling, president of A. Gary Shilling & Co., said the recent Case/Shiller housing data shows the housing slump is far from over. “We think we will see prices falling until the fourth quarter of 2010. There will be more write-downs at financial institutions and a lot more problems for consumers.”

If accurate, this can’t be good for the financial sector and stocks in general.

Source:

http://www.earthtimes.org/articles/show/228167,wall-st-falls-on-higher-oil-banking-concerns.html

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