John Paulson's big call: a V-shaped recovery and a major housing recovery

CNBC reports that John Paulson just held a conference call with investors after announcing solid April returns.

His big call: he's predicting a V-shaped recovery and a major housing recovery.

Specifically, he sees prices rising 3-5% in 2010 and 8-12% in 2011.

But this isn't much of a shock. Paulson recently launched a housing recovery fund through which he's making significant bets on rising prices in the west.

(from business insider, May 10, 2010)