betting on huge real estate boom & V shaped economic recovery. Has gone long. URE.
Paulson is the guy who designed the Goldman Sachs CDO that they both shorted knowing that it was loaded with mortgage loan defaults. I've been long on URE for a year. It makes me nervous when scum like Paulson is pushing it.
Have you read his biography? It is an interesting read. He was early into the GS deal and had a big draw down. Eventually the real estate market dropped and he made a fortune. I have a position in XHB. I am thinking of also buying into IYR and URE Which ones do you think would be best for a recovery?