(contd)
6) Housing depression turning into housing development expansion in 2008.
Now let's look at the housing depression -- not recession -- for a moment. When you have 17%-20% year-over-year reductions in new housing development, it is a massive -- about 1%-1.2% -- drag on our GDP.
But we're getting to the point in 2007 where the cure for the housing inventory is … housing inventory. We're losing the ability to build new homes and that is going to correct us in time. And I want to be ahead of that curve, not behind it.
7) Japanese and Chinese central banks about to diversify portfolios to include equities.
We've got Chinese and Japanese pension portfolios that are now going to be able to buy equities in the later part of this year that they were never able to buy before. You want to own stocks now, before this happens.
8) Biggest tax refund kickers in history.
According to IRS statistics, we have the biggest tax refund kicker in American history. That is money that's getting sent out to the American taxpayers who are going to -- you guessed it -- spend it.
9) iPhone release will kick off a hot summer for consumer electronics.
I think we're going to see people camped outside the Apple stores to get an iPhone. The buzz surrounding the iPhone is going to add a level of excitement to consumer electronics that will get people's juices flowing.
6) Housing depression turning into housing development expansion in 2008.
Now let's look at the housing depression -- not recession -- for a moment. When you have 17%-20% year-over-year reductions in new housing development, it is a massive -- about 1%-1.2% -- drag on our GDP.
But we're getting to the point in 2007 where the cure for the housing inventory is … housing inventory. We're losing the ability to build new homes and that is going to correct us in time. And I want to be ahead of that curve, not behind it.
7) Japanese and Chinese central banks about to diversify portfolios to include equities.
We've got Chinese and Japanese pension portfolios that are now going to be able to buy equities in the later part of this year that they were never able to buy before. You want to own stocks now, before this happens.
8) Biggest tax refund kickers in history.
According to IRS statistics, we have the biggest tax refund kicker in American history. That is money that's getting sent out to the American taxpayers who are going to -- you guessed it -- spend it.
9) iPhone release will kick off a hot summer for consumer electronics.
I think we're going to see people camped outside the Apple stores to get an iPhone. The buzz surrounding the iPhone is going to add a level of excitement to consumer electronics that will get people's juices flowing.
