Please tell em how this changins teh underlying proplems here. HIgh real inflation, huge fereral deficits, hugh federal debt, loads of shaky loans on house peopel can not afford, massive jumps in foreclosers, troillions in reseting ARMs, and growing consumer debt.
Inflation is not high unless you look at only selected items. The federal debt and deficits are high, but are fixable with modest growth and some spending restraints (OK, that part is a big if). Foreclosures have jumped, but they have jumped from all time lows are really have not reached the point of alarm. Low unemployment, decent growth, modest inflation, solid corporate earnings. Things are not ba, in fact they are pretty good.