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From WealthCycles.com

“If the mainstream media headlines are to be believed, the housing market is poised for a strong comeback in 2013. Not so fast, says Chris Whalen of Carrington Investment Services in this Fox News video clip. Sure, sales, prices and building starts are all up by 3% year-over-year, but the baseline used for comparison is pretty feeble. In fact, Whalen believes that the housing market could worsen the prospects for the economy in 2013.”

Follow the link to watch the video interview with Chris Whalen:  https://wealthcycles.com/blog/2013/01/02/mortgage-credit-crunch-may-worsen-us-recession