May 7, 2008

Cyril Moulle-Berteaux: "The housing crisis is over"

We are of course experiencing a serious housing bust, with serious economic consequences that are still unfolding. The odds are that the reverberations will lead to subtrend growth for a couple of years. Nonetheless, housing led us into this credit crisis and this recession. It is likely to lead us out. And that process is underway, right now.

~ Cyril Moulle-Berteaux, managing partner of Traxis Partners LP, a hedge fund firm based in New York, "The Housing Crisis Is Over," The Wall Street Journal, May 6, 2008

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