No more bubbles

The dollar is sliding, house prices are crashing and foreclosures are edging up. Next year will see a massive reset of ARM mortgages. The future is bleak.

Roger Wiegand said it best in his most recent article "Inflation moves into Overdrive". Here is his assessment of the current state of play.

"Nothing is going to stabilize the housing markets. The only thing left for our money controllers is to mitigate the speed of the consumer’s housing, debt, and net worth crash. It is going to be a slow motion smasheroo and nothing can stop it. It can be slowed or temporarily stopped with tricky public relations and fallacious government reports and numbers but the conclusion is set in stone. There are no more bubbles for consumers to blow. The die is cast and we can only wait for the ending to arrive."