A recent headline grabbed my attention. It mention the “bottoming” or real estate price. That made me chuckle, because we are nowhere near the bottom yet. I did some searching, and I found a chart posted last year at the Calculated Risk blog. If you thought the subprime mortgages caused a lot of foreclosures, just wait until the Option-ARM resets peak in 2011. Methinks that things are going to get a lot worse before they get better.
Reader HPD mentioned this at Forbes that quotes Peter Schiff: CPI Rises Despite U.S. Recession
GG sent this: Merkel adviser warns US on inflation spiral
Items from The Economatrix:
Value Cross-over (The Mogambo Guru)