Has the massive Obama stimulus plan put us on a collision course with virulent inflation? It sure looks that way. Let me explain …
In past downturns, it was a resurgent U.S. housing market that led the American economy out of the recessionary doldrums. But U.S. investors shouldn’t expect history to repeat itself this time around.
The next chapter in the history of General Motors Corp. (NYSE: GM) is likely to be about bankruptcy. And that would leave the U.S. and Canadian governments as company’s majority owners.
Expect more pain in the housing market next year, says Don Miller. Rising unemployment will keep the foreclosures coming. And as the backlog of inventories swells, Don says homebuilders still look ripe for shorting in this environment.