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 attempt to embed below – failing that, here’s the link: http://finance.yahoo.com/blogs/daily-ticker/20-drop-housing-cause-recession-2012-says-gary-161445494.html
Hat tip JL for the heads up on the Shilling interview!