[The once and future king]

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After reading some of the posts here, you guys seem to indicate this isn't a big issue. Does that sound right?

It also seems you guys are focusing on one facet of this.

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I think it is a very big deal. However sub prime is only the first domino falling over, it then hit the increased credit cost domino and when that falls over it will hit many dominoes and it is then that the man in the street will be more obviously impacted.

I was trying to point out to Dcf that the very thing that caused sub prime in the first place is the very thing that created the "strong" economy that is supposed to help with its soft landing e.g. easy cheap money. How long is the economy going to remain "strong" without the life support of soft money.

In Britain we have record personal debt which is about 164% of income and is greater than GDP at over 1 trillion sterling+. Therefore increasing the cost of money is obviously going to hurt alot of people, its just not going to happen over night. I dont think it will be to long before we see the fall out however.