Relevant:
- Effect of Household Deleveraging on Housing, Consumption and the Stock Market
- Americans now Hold Over $4.1 Trillion in Consumer Debt: Last Debt Bubble Peak was at $2.5 Trillion.
- Unemployment Actually Supports Overheating, Bubbly Economy View - Wall Street Examiner
- Canadian housing bubble goes into full mania mode -- Canadian debt-to-personal income ratio near 145% while US at peak of the housing bubble was at 125%.
- Did San Francisco real estate values hit a peak?
2008-06-25 — blogspot.com
"Peak credit has been reached. That final wave of consumer recklessness created the exact conditions required for its own destruction. The housing bubble orgy was the last hurrah. It is not coming back and there will be no bigger bubble to replace it. Consumers and banks have both been burnt, and attitudes have changed."
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