Pimco’s Mark Kiesel and Gary Shilling debate US housing prices. Housing is an example of how the downdraft of bubble excess has a gravity greater than all the government intervention to stop the natural, inevitable course of mean reversion. One of these days, politicians and bankers will have to stop wasting public coffers to arrest the price clearing needed to restore health and value to asset markets. And then we will see the best investment opportunities in 30 years. It is coming… Here is the direct link.
Cory’s Chart Corner
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