Paulson Plumps For Housing Recovery

Jan 24 2013 | 9:51am ET

While some hedge fund managers have taken to the Swiss Alps to make their views about the global economy known, John Paulson stuck a little closer to home.

The Paulson & Co. chief spoke on Tuesday at the 92nd Street Y in New York. During a chat with former Treasury Secretary Robert Rubin, Paulson, who has suffered huge losses for the past two years, pronounced himself bullish on the U.S. economy.

Paulson said he is particularly favorable towards housing, the market in which he made his name on the bearish side. But now, Paulson said, it had shown a "strong recovery" with fewer homes on sale that at any point in the past decade.

Affordability "has never been higher," Paulson said, and urged his listeners to mull a purchase.

"This is probably the best time in our lifetime to consider buying a house."

Paulson, a director of the Y, also expressed optimism about the stock market, and guarded optimism about fixed-income.

Rubin was less sanguine, saying he's not especially optimistic and fears political gridlock in Washington and the growing national debt.


In Depth

Part II: Roubini Talks Risk, Recovery And The Threat Of A Triple Dip Recession

Oct 21 2014 | 12:41pm ET

In the second half of our interview with Nouriel Roubini, FINalternatives editor...

Lifestyle

Balyasny Pays Over $6M For Lakefront House

Oct 22 2014 | 10:29am ET

A venture headed by hedge fund manager Dmitry Balyasny just paid $6.2 million for...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Demeter: Family affair

David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.