Commenting on the likelihood of a housing market slowdown followed by a tightening of lending requirements and a drying up of speculation, bond market Bill Gross does not mince words:

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! What I can’t do is tell you how soon all of this unfolds which I admit is a critical variable.

Tell us what you really think!
Investment Outlook October 2005 [PIMCO]