Collapse of the American Economy?

[Kurn, son of Mogh]

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Inflation+Credit Crunch FTW.

Housing Bubble = POP
Stocks Bubble = Soon to be POP.

Both asset classes were/are high due to massive inflation (of the money supply) via money as debt.

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There was a report on my local news (WJAR TV in RI) this morning that Countrywide (the nation's largest mortgage lender) was hinting that the housing market was already in free-fall.

Mortgage rates kept artificially low for 7 years, massive numbers of people funding overgrown lifestyles by borring against paper equity, 1929, here we come.

Maybe in a year or so, I'll come out of the woodwork and buy some nice piece dirt cheap.

As the Baron von Rothschild was reputed to have said - "The time to buy is when the blood is in the street."