Saturday, October 16, 2010

Gary Shilling on the Dollar and Housing October 2010

You may remember from my blog, Financial News Express, that I am a Gary Shilling fan. As a contrarian, he's bullish on the dollar and he updates his case. Here's his latest - always worth watching. . . Gary Shilling Interview on U.S. Housing, the Dollar, and currency wars. (9 minutes) [Bloomberg video link]

Note that Mauldin included this Shilling quote about housing in his last letter:
Furthermore, false appraisals rose 50% in 2009 from 2008. The tax credit for first-time homebuyers cost taxpayers about $15 billion, twice the official forecast, in part due to fraud. Over 19,000 tax filers claimed the credit but didn't buy houses, while 74,000 who claimed $500 million in refunds already owned homes." Where are the regulators? (Shilling thinks prices are likely to fall another 20%.)


  1. Would someone please look at this guy's record? Shilling has been so wrong, so many times, on his predictions, I'm surprised anyone would believe a thing he says!

  2. Boy are you clueless about Shilling's predictions, but that's okay, I'll take your money anyway.