For a while, it seemed the housing crisis had been averted. Now, Gary Shilling, president of economic consulting firm A. Gary Shilling & Co., says that things are likely to get worse. He predicts that housing prices could fall another 20%.
As investors, we often seek insight from the latest news, the most recent weekly and monthly data updates. But the underlying status of the economy is better reflected in long-term trends, and many of those show serious headwinds to future growth in the U.S. economy.