Yeah, the housing market has yet to be corrected. It took the Japanese nearly 15 years to recover from their housing bubble.Originally posted by: ericlp
Ok, so we had the dot-com bust and now the housing bust...what's next? Whats this BS about "HAD"? Were not even close to seeing the housing bust... Next will be the banking system with that the dollar and jobs.... The Airlines are feeling it real bad right now with ATA&Aloha and a few others not doing so good now.
But the US government and the Federal Reserve seem to be moving a lot of the blow to the dollar, which is already pretty weak.
I think inflation is the next thing. And the cuts made today may haunt us in 5-10 years, around the time Baby Boomers are going to try to retire. I'm guessing they're going to be told that the US government cannot afford their medication and retirement, and that they need to continue working into their mid 70s.
Ethanol needs to be busted immediately. It's raising prices for food, which is already under pressure. The poor and middle class can only take so much more of this.