It is a pleasure to hear such clarity of thought after experiencing the daily onslaught of garbage media. Mohamed has it right. The dual threats of inflation and slow growth mixed with an ailing housing market are causing dislocations in the equity and credit markets. PIMCO is right on the money. The economy won't recover until the housing market does. Let's hope that Washington gets it right with its new housing legislation.
Here's the interview.
No comments:
Post a Comment