shilling

Must read piece on single family homes

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I borrow from Gary Shilling in our Investment Survival Seminars. He was by far and away the most accurate prognosticator for 2011.  Real estate investors would be wise to listen. Why Renters Rule U.S. Housing Market (Part 2): A. Gary Shilling   By A. Gary Shilling Feb 22, 2012 5:01 PM MT TIn making my case for continued housing weakness, I’ve emphasized the negative effect of excess inventories on house sales, prices, new construction and just about every other aspect of residential real estate. In housing, as in every goods-producing sector, excess inventories are the mortal enemy of prices. Lower … Read more

Another promiment bear joins Chanos in China bashing

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Shilling: China Heading for a Hard Landing, Pt. 4 China’s Future, Part 4 Illustration by Jonathan Zawada By A. Gary Shilling Jun 29, 2011 6:57 PM MT 4 Comments     Past performance, in China’s case, may be indicative of future results. In late 2007, the Chinese government was scrambling to control a capital-spending boom. The central bank was concerned about 11 percent growth in gross domestic product, far above its official target of 8 percent, and about money flooding in from exports and direct foreign investment. By Nov. 1, the People’s Bank of China had raised its one- year … Read more