Mr. Cyril Moulle-Berteaux seems to think so and presents a level headed outlook in a recent online opinion. He is a managing partner of Traxis Partners LP, a hedge fund firm based in New York.
Click here to read his very interesting commentary in the May 6 Wall Street Journal.
One thing I found interesting is that he states the housing marked decline started mid 2005. Here in Gainesville, we really didn't see the effects until mid 2006.
-M
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