- New bankruptcy laws ( October 17th)
- Huge amount of consumer debt
- Minimum credit card payments may double
- Rising short term interest rates
- End of the summer buying season.
- High and rising energy prices ( ~ $65 a barrel for oil)
- Rising inventory ( part of the stagnation trend )
- Rising awareness of the housing bubble
The bubble is about to pop in the bubble cities. Stagnation will be followed by price declines. Get ready.