Last November we called the top of the San Francisco housing market. Two months later George Soros calls the top of the US housing bubble.
“Soros said he believed the U.S. housing bubble, a major factor behind strong U.S. consumption, had reached its peak and was in the process of being deflated.”
Perhaps we should start trading currencies…
∙ Soros: U.S. recession may occur in ’07 [CNN/Money]
∙ Top O’ The Market To You! [SocketSite]