Paul van Eeden currently has no newsletter to sell, no axe to grind that I know of. Here’s his current thoughts on the financial crisis, de-leveraging and how long it will take to unwind:
Paul doesn’t see de-leveraging getting over with any time soon. It took us 27 years to get here and we won’t undo the excesses in 6 to 18 months.
Paul looks for value, and he doesn’t see it right now. Asked about the real estate market and “Punch Bowl” Alan Greenspan’s recent comment that real estate may have bottomed Paul replied:
“Alan Greenspan is the same guy who couldn’t see the real estate bubble coming when he was Fed chairman”, followed by a lifting eyebrow look at the interviewer. Enough said.
Paul van Eeden is a smart guy and is worth listening to. And by the way, he sees NO “green shoots currently”; zero, nada. (And Paul is NOT a perma-bear.)
