Here's something picked up from the LA Times. (I still read them since I lived in Orange County, CA for 2 years until December 2002):
"But Angelo Mozilo, chief executive of Countrywide Financial Corp., the top U.S. mortgage lender, told analysts last week that 'I've never seen a soft landing in 53 years.' "
I don't know about you, but Mozilo has 22 years more in the business than I have in life. That is a very telling remark. The whys, hows, and possible investment ideas based on that are material for another day.