FBC Markets Now August 23, 2012
chief investment officer. great to have you. the existing home sales data yesterday it was decent, at best. you believe that housing will lead the next economic recovery. >> yes. i think it is the only thing leaving that right now. consumers being frugal with their spending giving all the uncertainty politically coming up this fall. the bright spot in the economy seems to be housing. lori: when you sake "bright spot", explain that. you mentioned all of those risks out there. give me a time frame. >> i think so. if you look at real estate, excess inventory in the system is down on eig...