Richard Manoogian, the chairman and CEO of Masco, a company intimately involved in homebuilding, is guest host on CNBC this morning and he stated his view on housing pretty clearly: the housing situation is worse than most people realize and the worst is yet to come.
Does this eventually take it's toll on the rest of the economy? It seems likely to me.
CNBC: The Worst is Yet to Come.
Speculations on oil, peak oil theory, energy in general, and the investment implications.
About Me
Labels
- Arjun Murti (2)
- Bill Miller (1)
- Boone Pickens (20)
- Canadian oil sands (7)
- Charles Maxwell (5)
- Charles Munger (1)
- Charles Nenner (3)
- Chesapeake Energy (5)
- CIBC (1)
- Clarium (1)
- economy (2)
- Exxon (1)
- global cooling (5)
- Goldman Sachs (3)
- hedge funds (4)
- housing (10)
- Iran (2)
- Iraq (3)
- Jim Rogers (4)
- Kenneth Deffeyes (1)
- Kenneth Heebner (5)
- Kurt Wulff (1)
- mathew simmons (1)
- Matthew Simmons (5)
- natural gas (14)
- oil (39)
- OPEC (1)
- peak oil (9)
- Peter Thiel (3)
- recession (3)
- Russia (8)
- Saudi Arabia (3)
- solar activity (5)
- speculation (1)
- stock market (4)
- sun spots (6)
- Suncor (3)
- super spike (2)
- technical analysis (1)
- Warren Buffett (6)
- winter (5)