[I]…the US housing market?[/I]
he recovery in the housing market in the US has been cited as one of the major drivers of current economic activity and some believe if housing dips the economy will face another recession. As Bernanke keeps fumbling the ball interest rates have started to increase and we also saw the return of the exact same types of mortgages which contributed to the collapse in 2008.
[I]Are you buying the housing market or are you selling the story?[/I]
As far as my portfolio is concerned, I am shorting the housing recovery and expect a deterioration (with the exception of certain regional markets) which will become evident in 2014.