At this week’s PortfolioConstruction Conference, HFA Chief Investment Strategist Jonathan Pain will present a compelling review of the prospects for world equity markets – in fact, he'll present twice, firstly the case for a global equities bull market, and then the contrasting case for a global equities bear market…

In his background paper to that presentation, Pain says he began to believe each case, as he wrote them! 

“In summary, my views are that the US housing market is at or near its peak,” he says. “The US economy will fade into the remainder of this year and slow significantly through 2006. You will remember I thought it would be ...