The event that no television network economic analysts said would happen has. The housing market has crashed. If you own a home within the United States, it is now losing value. The media is sugar coating this event to stop any backlash but rest assured it is happening. Hope you bought your home on a fixed rate mortgage and did not fall for the usury "balloon loans" schemes all banks are pushing. However if you are a homeowner you are losing money in the most important investment you can make. Now we can sit back in our cardboard boxes and wait for depression part two. Waiting for the other financial shoe to drop can also be a good time to ponder how you can spend your Bush bribery money.
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