This econony is not only going to last longer then the "experts" say, they are not saying everything that needs to be said! There are additional waves of home forclosures coming because many houses with ballon refinancing comiing up will not appraise for enough to re-write the loans, or the owner's will not qualify in this market and therefore will default. Also we have not seen the re-financing effects of the commercial markets when the rents no longer can service the debt. And what will happen when folks who have lost their savings, homes and in many cases their jobs when it comes time to make those credit card payments with 20+% interest rates. Oh, I forgot to mention inflation from the greatly expanded money supply and higher interest rates and iinflation to fund the debt. No, I doubt that this is even close to being over. (Please, don't bad vibe the messanger)
