Growing evidence suggests that the automobile industry is about to pause/peak, just like the housing market did 12 to 18 months ago. Few observers are currently focused on this risk. After turning bullish on the U.S. housing market in 2010, I turned bearish in 2012. This proved correct as the residential real estate market has fizzled out over the past year based principally on a drop in affordability -- home prices have been artificially buoyed by new-era institutional investors at a time when real incomes have foundered -- and more stringent mortgage credit standards.
Similar Stories to Kass: Has The Auto Industry Peaked? on Bing News
twocents@thestreet.com (Doug Kass), The Street
Thu, 07/31/2014 - 3:00am
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