Marc Faber : Housing is bottoming out

Marc Faber : It is difficult to measure economic growth because you must make so many adjustments in different industries. In the U.S., for example, housing is bottoming out. For the first time in a while, household formation is increasing. But while this segment of the economy is stabilizing, a tax break allowing companies to write off 100% of new capital expenditures has just expired. - in The Barron's Roundtable Jan 2012