Gary Shilling Outlook: Housing to Drop Another 20%, Trigger Big Recession

The Contrary Investing Report

Investing and Trading News, with a Contrarian, Sarcastic Twist!

Gary Shilling, one of our favorites, was on Yahoo Tech Ticker today.  He sees housing taking another 20% hit from here (at least), which he believes will trigger another massive recession. The interview is just 5 minutes, and they cut Shilling off when the going got good, but it’s still worth a watch. Here’s my […]

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We’ve been watching the sovereign debt of Spain and Italy quite closely this year – and today, we saw the biggest fireworks yet. Our friend and correspondent Dr. Evil had astutely tipped us off to the significance of the debt on the balance sheets of Spain and Italy.  While the world focused on Greece, these […]

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These are the types of days that must make Bernanke yearn for QE3. It’s all red on the screen, except for a few notable exceptions – namely gold, and the dollar. The dollar has turned around nicely since its late April lows, and has quietly traced out a set of “higher lows”. The buck (decline) […]

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No jobs is not necessarily a bad thing in and of itself (Eat People, anyone?)…unfortunately I don’t think the latest jobs report was driven by any massive productivity enhancing automation of the human workforce! —- Being Street Smart Sy Harding Jobs Report Rains on Soft Spot Hopes July 8, 2011 The Labor Department’s employment report […]

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Long-Term View By Carl Swenlin (This is an excerpt from July 8, 2011 issue of the blog for Decision Point subscribers – click here to subscribe.) Dealing with daily blogs tends to narrow our focus to the short-term and to the activity on the daily bar chart. Even if a person trades in the short-term, […]

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Sovereign Man’s Tim Staermose shares a staggering stat about China’s local government debt: It’s interesting to note that China’s National Audit Office (NAO) recently published a report which says the country’s outstanding local government debt is now equivalent to $1.7 TRILLION. That’s a huge figure — about 27% of China’s GDP in 2010. Because the […]

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Our daily Italy Debt Watch continues!  Yields are once again hot, up another 5bps at I type (11:30am Pacific time). Italy 10-year yields are blowing up! (Source: Bloomberg) The most popular story on Bloomberg today features hedge funds piling into bets on the European debt crisis getting worse: Hedge funds that trade bonds and loans […]

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Here’s a short but fun Marc Faber interview with Bloomberg Asia.  Worth a watch, as is usually the case with Faber. A few takeaways on his outlook: Believes the S&P has made its 2011 high because the Fed “is done with money printing” for now Thinks gold and silver are vulnerable over the next three […]

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Many believe that inflation in China is running much higher than the reported 5% (some think it’s easily double-digits). When looking for news and numbers on China, I like to look to Hong Kong, which has a better reputation for being, shall we say, open and honest about things. HK’s South China Morning Post reports […]

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Contrary Investing favorite Felix Zulauf was the guest on the latest edition of the McAlvany Weekly Commentary.  You can catch the interview here. Zulauf, as usual, has a very insightful (albeit somber) outlook – though nothing too extreme for readers of this blog to handle.  His current working hypothesis for the next 4-6 years is […]

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