Housing prices are down in the 3 countries where the bubble was most severe: US, UK, and Spain. Spain has to correct much more.
Global financial and economic issues will end when housing prices will stabilize. The problem is that the inventory of unsold homes is still too high for prices to firm.
I will be happy to speak to your investment group on how the business cycle impacts investment strategies and the choice of asset classes. To find out more about my in depth view of the markets and my strategy just visit our website https://www.peterdag.com/. You can review The Peter Dag Portfolio, free of charge of course. You can also call me at 1-800-833-2782 to discuss your specific money management needs.
George Dagnino, PhD
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