carseller Posted August 5, 2006 Share Posted August 5, 2006 Let me say that I believe in this 3 step scenario. 1. House bubble growing 2. Inflation growing (oil bubble), bursting real estate bubble, then oil bubble, and the chinese bubble burst because of failing demand caused by bursting house bubble. 3. Deflation, 0 % interest rates, falling house prices, wages, rents, everything. (we could have hyperinflation if they decide to go that route), but no matter what happens we will be in a deflationary environment. I believe in 15-20 % unemployment. The middle class will get hammered. Quote Link to comment Share on other sites More sharing options...
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