Bill Gross in his PIMCO Bonds - IO October 2005: "Investment Outlook" describe the downturn in housing market to be "99% inevitable"
Let me state categorically that the above sequence is barely questionable, almost inevitable, 99% unavoidable, and in modern parlance - “slam-dunk.” In so saying, I hope I am not being unkind to those of you who think otherwise - I’m trying to do you a favor!
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