[GodGunsGuts]

ping

[Jo Nuvark]

Figures these guys are trying to sell gold.

[Pelham]

I read that a couple of days ago.

Shilling is, or was, a Yale prof who warned of the stock market bubble long before it popped. He's been watching the mortgage/RE market and warning of a bubble there for a year or two. Not someone to casually dismiss.

[expat_panama]

Thanks for the ping G; apparently getting housing sector info from GoldSeek is like asking the local Mac vendor what he thinks of windows, or researching Russian foreign policy at the University of Warsaw, or studying Catholic theology with the Masons, or --well, you get the idea.

Shilling intentionally made the sector look bad --he plotted all his historical prices in linear scale in order to really make things look like we're in some kind of crisis.  This kind of stuff is only useful for keeping the faithful in the flock; it's no good for actually proving something to anyone trying to gather facts.

In the meantime the construction sector is doing just as well as it's been for years.  We're really happy with building materials companies SHW, SIM, TXI.  True, precious metals were great a year ago, but I haven't seen anything seriously good in that area for quite a while now.