RSAAKS

U.S. Homeowners Underwater

All such dooms day scenarios are not able to imagine the power of printing money, which will devalue the debt. In 10 years, dollar could be worth half in buying power, but twice as strong in debt repayment power (assuming of course that interest rates will stay low-and I think they will). High inflation and low interest rates is not a common phenomenon, but we will see it for 8-10 years, and that is how we will bring propsperity back. I can hear all the deflation folks growling already...