Alan Gin is being circumspect. For him to come out and say that housing will drop significantly might cause panic. No one will fault him for being cautions on the down side. But if he becomes a party-pooper then people will be attacking him from every angle.
I feel that economic advice is like relationship advice. Never tell a person that his/her partner is no good. Even if you turn out to be right, you’ve lost a friend. Alan Gin needs his friends in the business community.
