Gary Shilling of A. Gary Shilling & Co. saw the housing crash coming and predicts the S&P 500 will drop to 600, and the market won't recover until at least 2010. Here are a couple videos from tech ticker.
He Saw the Crash Coming: What Gary Shilling Sees for 2009
The best the Fed can do is dampen or try to contain the financial crisis, but it'll still take 4-5 years to fully work itself out.
S&P 600: That's Gary Shilling's Forecast for 2009, Not an Index
He says the S&P 500 is headed to 600 - that's a 50% drop from current levels.
Get Ready to Scrimp and Save, Says Economist Shilling
The game is over. Twenty five years of borrowing and spending is over. It's time for people to be frugal. It's time for people to save.
How to Solve the Housing Crisis: Let in More Immigrants to Buy Houses
One person's opinion on how to deal with the huge overhead supply of houses.