- Housing is not coming back
- Jobs are not coming back
- Stocks will not peak much higher than the current peak, but they will peak in early 2012
- He now seems more balanced between deflation and inflation while he used to be a full blown deflationist, he mentions that he "favours deflation, but it will depend on what will the government do". A bit odd to me!
- Expects crash in 2012
You can listen from the link above or the embedded player below: