Behold the quadruple whammy:
Obama attacks energy companies - driving prices up - which increases the price of everything.
Obamacare increases the cost of doing business for everyone, drives out insurance companies, increasing unemployment, hindering employment..
Real estate market goes from bad to worse...inflation will reduce the number of people who will qualify for loans to actually buy. (Hard to buy a house and/or pay mortgage without a job..)
Fiscal policy creates wave of inflation, pushing the shrinking number of people with jobs, most struggling to survive payday to payday, to fail. Think about it - prices go up, pay does not (when was the last time you got a respectable raise?), foreclosures go up, unemployment increases, babies starve..
Methinks, barring a Tea Party takeover, we’re skrewed..
Actually, inflation will keep nominal prices from falling as much as they otherwise would have. This will allow homeowners to preserve the nominal equity in their properties and loans to appear as solvent. real estate just won't be worth as much compared to everything else.