The U.S. housing market’s grim reality - InvestmentNews -- Bill Gross, the former card-counter, expelled from the casinos to find that better life at PIMCO, is also an entertaining writer. In this piece about grim housing realities, he brings in the fact that he's an Apple guy, knows about meteverses, Second Life, and avatars, then contrasts the present day with the classical past, and finally compares it all to the housing, lending, and bond markets. With a mind that can take so many different perspectives and metaphors on a few different levels and meld them together into a cogent set of useful ideas, he shows us why he has few equals in the bond business.
There's an expanded article here.
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