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And two of his other top picks, have construction implications as well.
The guru referred to here is John Paulson, who saw the housing bubble before most did and make $15 billion off that bursting balloon. So we’re not talking about your average day trader.
Curiously we were just talking about the resurgence of heavy equipment rental today. With the economy still shaky we’re seeing contractors use a lot more rental equipment rather than tie up their cash in a long term purchase.