The Perfect Storm

A perfect storm is happening that will cause the popping of the bubble ( significant price declines in the bubble markets). What are the factors causing this perfect storm?

• 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.