I found this hedge fund report on one the hb yahoo chat boards. This is one of the top hedge funds in North America. Basically they are saying that at this time housing is beyond saving. They also use words like “collapse” to describe its current state, and they admit to using housing bubble blogs for anecdotal evidence. All in all it is a great read for our current state of affairs that I have come across. I would like to mention they are heavy in commodities so their is a little bias in that direction. Enjoy the read