bankruptcy Prediction will have started 2010

I NEVER thought Fort Lauderdale would roll out a train system because of how small town minded this place seems to be. However, this place has shocked me when its mass transit plan. Once I saw that, I realized, cities are starting to get it. I think (and this could be wrong) that the candidates Hilary and Obama are talking up infrastructure and alternative fuels for a reason. I believe they are going to do a FDR move and start investing more federal money into local and region mass transit.

the Home prices will fall and keep falling, then stagnate for at least 4 years. Bargain hunting time (in about 2 years). Loans will suck as 7% will be the new ‘good fixed rate.' But your total debt will be a few hundred thousand less if you buy during the stagnate period."

I agree with this statement, the real estate market downturn will be prolonged by goverment intervention and the recession/depression. I think that the predictions on commodities may be off base as they do not really take into concideration the increased world wide demand and the possible hyperinflation. I am not seeing much change in the type of vehicles most people are buying, like you saw in the 70's and 80's, and at the same time the demand for oil in asia is sykrocketing. On top of that, the Dollar is worth 30% to 40% less than it was 3 years ago so $100 oil today is equivalent to $65 dollar oil 3 years ago. I do not see much reason to be bullish on the Dollar as the goverment is driving the deficit to dangerous levels by bailing out Bankers and Wall Street, and continuing to lower interest rates. This mess is going long and painful. We have undermined the foundations of this economy and now it needs to be rebuild from the foundations up.

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